Decisions on interest rates of the ECB and BoC next week

Monday, January 18: Day of Martin Luther King in the US. Rest day for banks in the US, probably the trade volumes will be weak.

Tuesday, January 19: UK CPI is expected to continue growing, as is support for pounds upon confirmation of forecasts. Core CPI is also predicted to rise.

In Europe, the German ZEW Economic Sentiment is expected to account for values ​​lower than the previous month. The data will likely send the euro down if they confirm expectations.

In the US, TIC Long-Term Purchases are expected to rise, indicating confidence in the dollar. This key indicator reflects the flow of funds into or out of the United States.

New Zealand will publish data on CPI q / q, the forecasts of analysts were for a decline of 0.2%.

Wednesday, 20th January: The number of unemployed in the UK is likely to remain unchanged after rise the previous month. The unemployment rate is expected to remain at levels of 5.2%.

Investors attention will expect data from Canada. BoC will publish its decision on interest rates. It is the interest rate to be left at levels of 0.5%, as the Canadian dollar suffered losses in recent weeks and is not necessary additional pressure on him. The central bank will make a statement regarding monetary policy. It is possible that a higher volatility in the release notes.

CPI for the United States probably will report zero growth in December, which can undermine the authority of the US dollar. The same day will be exported data on building permits.

Thursday, January 21: Decision of the European Central Bank interest rates. Not expected to change interest rates, however, markets are likely to be restless during the publication of the data. Statement will Mario Draghi, President of the ECB on monetary policy the bank.

Applications for unemployment benefits in the US is likely to remain close to the number from the previous period.

Friday, January 22: PMI Europe will start from France, and then Germany. Expectations are for better values ​​compared to the previous period. British retail sales are expected to be near zero or a small drop. Canada will also publish its retail sales.

E.Dimitrov JrTrader