EURO Hits 3Yr High, Emphasis on BoC-Made Rate.
This article is originally referred from FXPrimus News.
FXPrimus has summarized the important market indicators of the week.
This week’s Indicators
Currency markets saw EURO and STERLING reaching multiyear highs while DOLLAR sentiment was hit by concerns over stubbornly low inflation despite the positive CPI release last Friday.
US Stocks had another subsequent week of All-Time-Highs as the US DOLLAR lost interest from investors while economic indicators have yet to convince market participants that the US economy is expanding.
GOLD and OIL longest rallies for years on increased risk sentiment amid US-China developments and OPEC-led news.
This week starts on a light footing on the economic calendar as the US markets are closed in observance of the Martin Luther King Holiday.
Monday, January 15th
A quiet start to the week as US markets are closed for Martin Luther King holiday.
No significant events that guarantee volatility or opportunity today under fundamental aspects.
Markets likely to move on technical developments.
Tuesday, January 16th
UK Inflation data to set the tone following CABLE’s fresh Pre-Brexit high.
The most note-worthy reports on the economic calendar on Tuesday is the UK CPI December release and to a smaller degree the US Empire State Manufacturing Index at 09:30 and 13:30 GMT respectively.
Wednesday, January 17th
Bank of Canada Rate decision to lead the way, fundamentally.
With European CPI, MPC and FOMC members’ speeches and BoC Interest Rate statement a widely volatile session is expected this coming Wednesday.
Despite no change is expected in policy, BoC will produce wild fluctuations with opportunities on the USD/CAD pair being apparent at 15:00 GMT.
Thursday, January 18th
Weekly highlight on Asian-driven data and US releases.
Australia will kick start the session with its Employment data at 00:30 GMT, China will follow with its GDP release early in the morning, at 07:00 GMT.
The session has the US Building Permits and Unemployment Claims on at 13:30 GMT and the US Crude inventories on at 16:00 GMT.
Friday, January 19th
UK Retail Sales and US Consumer Confidence on the spotlight.
The closing of the week will be highlighted by the UK Retail Sales at 09:30 GMT and the UoM Consumer Sentiment at 15:00 GMT.
On other minor releases, Canadian Foreign Securities Purchases and Manufacturing Sales will be published at 13;30 and may produce some volatility.
Original Source: FXPrimus News