This will be light week for economic data. 

The key report this week is the December trade deficit.

----- Monday, February 6th -----
No major economic releases scheduled.

----- Tuesday, February 7th -----
8:00 AM ET: Corelogic House Price index for December.

8:30 AM: Trade Balance report for December from the Census Bureau.

This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.

The consensus is the trade deficit to be $68.5 billion.  The U.S. trade deficit was at $61.5 billion in November.

12:40 PM, Discussion Fed Chair Jerome Powell, Conversation with David Rubenstein, Chairman of the Economic Club of Washington, D.C. at the Economic Club of Washington, D.C.

----- Wednesday, February 8th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

----- Thursday, February 9th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 194 thousand initial claims, up from 183 thousand last week.

----- Friday, February 10th -----
10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for February). The consensus is for a reading of 67.0.