Trump, Davos, USA
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.
Will the inflation data support the CAD?
Canada will release the monthly consumer price index (CPI) on February 27 at 15:30 MT time.
Last month the level of consumer price index declined by 0.1%. However, it still was higher than the forecast. As a result, the CAD didn't suffer that much. This time the higher-than-expected level will be appreciated by the market again.
• In case CPI outperforms the forecast, the CAD will rise.
• In case CPI comes out lower, than the forecast, the CAD will fall.
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Trading EUR: await news from the ECB
The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Important events this week will bring us
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
Latest news
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.
Trump, Davos, USA
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.
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