The ECB brings an opportunity to the EUR traders
The European central bank will conduct its press conference on January 24 at 15:30 MT time.
5 important things this week will bring us!
5 important things you need to know about this week!
RBA Rate Statement (Tue, 07:30 MT time) – a change of the interest rate isn’t anticipated. But the RBA statement will create moves on the market.
BOC Rate Statement (Wed, 17:00 MT time) – the CB doesn’t plan to change the interest rate but clues on the monetary policy will be important for the CAD.
US ISM Non-Manufacturing PMI (Thu, 17:00 MT time) – data based on responses of purchasing managers will determine the direction of the USD.
CAD Jobs data (Fri, 15:30 MT time) – jobs data are always highly important for the currency. If the actual figures are greater than the forecast, the CAD will go up.
US Jobs data (Fri, 15:30 MT time) – data of three important jobs indicators will be out. Be ready for high volatility on markets.
Hot topics:
The NAFTA deal is still unsolved. Mr. Trump twitted that there is no political necessity to keep Canada in the new NAFTA deal. If parties don’t come to a fair agreement, Canada will be out. The NAFTA negotiations will keep affecting the CAD this week.
Brexit. Possibilities of no-deal. On weekends, the Brexit secretary Mr. Raab said that he is sure about the Brexit deal but still has a plan in case of no-deal. Theresa May said that she won’t let the second referendum happen and won’t surrender. The EU negotiator Mr. Barnier said that he is strongly opposed to the UK proposals and advised manufacturers of European cars to use less British-made parts after Brexit.
Let’s see whether there is more news this week.
Similar
American home sales reach three-year minimum
In December, American home sales slipped to their lowest value for three years…
UK pay surge reaches fresh 10-year maximum as employment jumps
UK employees’ pay surge reached another 10-year maximum and employment rallied by much more than anticipated for the three months to the end of November due to the fact that the UK labor market was still firm notwithstanding other signs of an economic…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
