The Forex Markets Main Events: Week 20.01 — 24.01

Review of upcoming Economic events this week

Last week, the US dollar showed a variety of trends vs. its main currency competitors. Washington and Beijing signed the phase-one deal, taking a step toward resolving the long-standing trade dispute and Vice President Mike Pence has said the second phase of negotiations have already begun and confirmed the parties are working to resolve the differences. 

There were several optimistic economic releases that supported the US currency. Investors focus is on the meetings of the Bank of Japan, Bank of Canada and the ECB.

In the upcoming trading week, the markets will pay close attention to the following events.

Monday

Monday is a quiet day regarding news. At 07:00 GMT the German producer price index will be published. 

The US financial markets will be closed due to the holiday.     

Tuesday
 
The Bank of Japan will announce its interest rate decision on Tuesday.

The following statistics will be in focus for investors:

• UK labor market report at 09:30 GMT
• German ZEW economic sentiment at 10:00 GMT). 

Wednesday
 
The Bank of Canada meeting will take place at 15:00 GMT on Wednesday. It is expected that the regulator will keep key marks of monetary policy at the same level. Important economic releases include also:

• Core consumer price index in Canada at 13:30 GMT
• Existing home sales in the US at 15:00 GMT.

Thursday
 
The ECB monetary policy meeting will be the key event at 12:45 GMT on Thursday. The markets will be paying attention to the comments by representatives of the Central Bank. Investors will assess the following statistics:

• Australian labor market report at 00:30 GMT
• Consumer price index in New Zealand at 21:45 GMT.      

Friday
 
The trading week will end with the release of the below  important economic releases:

• Indicators on economic activity in Germany and the Eurozone at 08:30 GMT+2:00 and 09:00 GMT
• Statistics on economic activity in the UK at 09:30 GMT
• Retail sales in Canada at 13:30.  

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