5 important events this week will bring us!

5 important events this week will bring us!

  • FOMC meeting minutes (Wed, 21:00 MT (18:00 GMT)) – If the release contains any hawkish hints on the further Fed’s decisions, the USD will go up.
  • Speech by the Fed Chair Powell (Wed, 18:00 MT (15:00 GMT)) – If the Fed Chair provides hawkish comments, the USD will be supported.
  • British GDP and manufacturing production (Thu, 11:30 MT (8:30 GMT)) – According to the forecasts, GDP growth is expected to remain at the same level, while the indicator of manufacturing production is forecast to increase by 0.1%. If the actual figures are higher, the British pound may get a positive momentum.
  • US CPI and core CPI (Thu, 15:30 MT (12:30 GMT)) – The indicator of a headline consumer inflation is anticipated to increase by 0.1%, while its core level (without food and energy prices) is going to increase by 0.2%, according to analysts. Higher-than-expected figures will be good for US dollar.
  • Canadian employment change and unemployment rate (Fri, 15:30 MT (12:30 GMT)) – If the actual level of employment change is higher and the unemployment rate is lower than the forecasts, the Canadian dollar will rise.

Hot news:

  • The British pound is awaiting the Brexit court ruling on legislation called “the Benn Act”. It requires the Government to either reach a deal or get Parliament’s approval for a no-deal Brexit by October 19.
  • The US-China trade talks are expected to continue on Thursday and Friday in Washington.

Similar

USD starts the week with gains
USD starts the week with gains

Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.

ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

Latest news

How to trade ahead and after BOC report?
How to trade ahead and after BOC report?

The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.

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