The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Trade the US Dollar on the economic release
The level of US retail sales and core retail sales are due to release on December 14 at 15:30 MT time.
Last month the total value of sales at the retail level rose by a higher-than-expected level of 0.8%. In its turn, the level of core retail sales which represents retail sales excluding automobiles increased by 0.7%. It helped the USD to strengthen. If this time the indicators outperform the forecasts, it will happen again.
• If the data is higher than the forecast, the USD will rise.
• If the data 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.