The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
CPI (Consumer Price Index) is one of the most important Australian economic indicators. The release will take place at 4:30 MT time on July 25. The index has a big impact on the policy of the Reserve Bank of Australia and, as a result, on the Australian dollar’s exchange rate.
Australian CPI is released once in 3 months, so it’s natural that every time the market pays great attention to it. After all, it will set the direction for the AUD:
• If the data is greater than the forecast, the AUD will rise.
• If the data is weaker than the forecast, the AUD will go down.
Check the economic calendar
So far, consumer price inflation has been below the RBA 2-3% medium-term target and wage growth has stalled close to the record low.
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
The British yearly CPI will be released at 11:30 MT on January 15
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
Events in Libya pushed the oil price up. So what's the strategy to benefit from it?
This week will bring us central bank statements and important economic indicators related to the main currency pairs. Read on to see which ones will be affected.