Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The first significant opportunity for the USD in 2020
The American manufacturing PMI by the Institute of Supply Management will be out at 17:00 MT time on January 3.
This is the leading indicator of economic health, which shows how businesses’ attitude towards the economic conditions of the market. Basically, this is the survey of 400 purchasing managers, which asks them to rate the relative level of business conditions. The indicator above 50 demonstrates the expansion of the industry, while the indicator below 50 signals the contraction. Last time it fell to 48.1. This time, analysts anticipate it to reach 49.
• If the actual level is higher than the forecasts, the USD will go up;
• If the actual level is lower than the forecasts, the USD will go down.
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The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
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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.
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Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The ECB and the euro: surrounded by skeptics
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
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