ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
In July Japan's exports soar
In July, Japan's exports went up for an eighth straight month on sturdy shipments to the United States as well as a push from a dipping yen, thus suggesting the country’s economy is carrying decent momentum through to the second half of 2017.
The data actually underscores the BOJ’s view the world's number three economy is demonstrating surging signs of strength because private consumption contributed to momentum to an export-led revival.
Imports inched up for the seventh straight month on firm demand for personal computers as well as digital cameras from China, underlining the strength of domestic consumption that acted as a major driver of Japan's economic surge in the second quarter.
Exports to America went up 11.5% in July from 2016, thus marking the sixth straight month of revenues. It pushed up the Asian country’s trade surplus with the US by 9.1% from 2016 to 647 billion yen.
Japan's trade surplus has appeared to be an object of criticism by the Trump administration that has called for reducing the American trade deficit under his protectionist stance "America First."
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Market outlook for this week
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How to trade ahead and after BOC report?
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
Latest news
USD strengthened as optimism waned
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
Stocks up, USD down
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
Lots and lots of PMIs on Friday
PMI reports from the EU, the UK, and the USA will be released during the day!
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