The Forex Markets Main Events: Week 27.01 — 31.01

Review of upcoming of all the important Economic events this week.

Last week, the US dollar gained strength vs. its currency competitors. The Bank of Japan, the Bank of Canada and the ECB all have kept their monetary policies at the same levels and avoided any shock moves.

From around the world, investors are very concerned about the growing risks of coronavirus from China, the Queen of the United Kingdom has signed a bill on the country's exit from the European Union (EU), which was prepared by Prime Minister Boris Johnson, the next stage the deal should be ratified by the European Parliament, which is scheduled for January 29.

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

Monday

During Monday, the following releases are expected:

• German IFO business climate index at 09:00 GMT
• New home sales in the US at 15:00 GMT.
• China's markets will be closed due to the holiday

Tuesday

On Tuesday, investors will focus on important economic reports from the US:

• Durable goods orders at 13:30 GMT
• CB consumer confidence index at 15:00 GMT
• China's markets will be closed due to the holiday

Wednesday

The Fed meeting will take place at 19:00 GMT on Wednesday. It is expected that the monetary policy will be kept at the same level.

Important economic releases:

• Consumer price index in Australia at 00:30 GMT
• Pending home sales in the US at 15:00 GMT
• China's financial markets will be closed due to the holiday.

Thursday

The Bank of England interest rate decision will be released at 12:00 GMT on Thursday. The markets will be paying close attention to the comments by representatives of the Central Bank.

Economic data releases are below: 

• German labor market report at 080:55 GMT
• US GDP data at 13:30 GMT
• China's financial markets will be closed due to the holiday.

Friday

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

• Industrial production and retail sales in Japan at 23:50 GMT
• Manufacturing PMI in China at 01:00 GMT
• Data on inflation and GDP in the Eurozone at 10:00 GMT
• Statistics on Canada's GDP at 13:30 GMT.

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