The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Get ready to trade the USD on the inflation data.
The US will release monthly consumer price index figures (CPI) for October at 15:30 MT time on November 14.
This indicator is important as this is the base for the Federal Reserve future monetary policy decisions. Last month the inflation rate declined by 0.1% and made the USD weak. The higher-than-expected level will be appreciated by the market, so the USD will get a chance to strengthen.
• If CPI outperforms the forecast, the USD will rise.
• If CPI is lower than the forecast, the USD will fall.
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
You are still in doubt whether it makes sense to trade stocks? Watch this.
The recent Chinese figures bring optimism
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.