Here we gathered the best and the worst performers of the week and the most volatile pairs .
A significant release may push the Canadian dollar
The trade balance for Canada will be released on May 9, at 15:30 MT time. The indicator represents the difference in value between imported and exported goods. A positive number shows that more goods were exported than imported. Last time the actual level of trade balance came out negative, but the figures were still higher than the forecast. It made the Canadian dollar rise. Let’s see if the situation repeats itself this time.
• If the actual level of the trade balance is higher than the forecasts, the CAD will go up;
• If the actual level of the trade balance is lower than the forecasts, the CAD will go down.
The European Central Bank will meet today to discuss the current monetary policy and the fate of the quantitative easing program
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
Canada will publish its monthly GDP growth rate at 15:30 MT on January 31.
The famous pharma giant Pfizer is going to release its earnings report on January 28 at 17:00 MT time.
The Bank of England’s interest rate announcement and monetary report will be out at 14:00 MT on January 30.