Here we gathered the best and the worst performers of the week and the most volatile pairs .
Will the RBA cut its rate?
The Reserve bank of Australia will announce its interest rate and release a statement on July 2, at 07:30 MT time.
Most of the analysts predict a rate cut to 1% this time. The market has already started to price in the anticipated decision by the bank. In addition, we need to pay attention to the comments by the RBA governor Philip Loe, as he may throw hints on the future path of the monetary policy by the bank. The Australian dollar may strengthen if the rate cut does not happen and the tone of the statement is optimistic. That would mean that the economy is in good conditions and do not need the additional stimulus. On the other hand, we may see the fall of the aussie.
• If the RBA is hawkish, the AUD will go up;
• If the RBA is dovish, the AUD will go down.
The European Central Bank will meet today to discuss the current monetary policy and the fate of the quantitative easing program
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
Canada will publish its monthly GDP growth rate at 15:30 MT on January 31.
The famous pharma giant Pfizer is going to release its earnings report on January 28 at 17:00 MT time.
The Bank of England’s interest rate announcement and monetary report will be out at 14:00 MT on January 30.