The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
GDP is the broadest measure of a country’s economic activity and the primary gauge of the economy’s health.
Canadian GDP data differs from that of other countries because it is released on the monthly basis and not just once in a quarter like in the United States or the euro area. As a result, we can get more accurate figures and have a better judgment about what’s happening in Canada.
USD/CAD is quite volatile, so if the figures exceed expectations, the CAD will be able to improve its po
Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.