The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
ECB Meeting & Press Conference
|Traders are now extremely alerted to any comments from the European Central Bank as they expect the regulator to announce the scaling back of its 2.3 trillion-euro bond-buying program in September or October. That’s why the ECB meeting on September 7 will draw a lot of attention.|
|The minimum bid rate will be announced at 14:45 MT time and the regulator’s press conference will start at 15:30 MT time. The EUR made big moves the last time President Mario Draghi spoke with the press and there are all reasons to believe that there will be many trading opportunities this time as well.|
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.