Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
Additional volatility for the USD is expected!
The United States will publish non-farm payrolls (NFP), also known as non-farm employment change on at 14:30 MT time on November 1. As usual, the indicator will be released together with the unemployment rate and average hourly earnings. What these indicators are about? Non-farm payrolls represent the change in the number of employed people during the previous month (without farmers). Traders pay attention to the release, as the USD gets volatile right after it. The unemployment rate shows the percentage of the total workforce that is unemployed but looking for a job. Finally, the indicator of average hourly earnings shows the change in the price businesses pays for labor. According to the forecasts, the number of payrolls will advance by 90 thousand, while the unemployment rate will reach 3.6%. Analysts' projections are poor this time due to the strike of the GM workers and US-China trade uncertainties. At the same time, the level of average hourly earnings is forecast to increase by 0.3%.
• If the actual figures of NFP and average hourly earnings are higher, and the unemployment rate is lower than the forecasts, the USD will rise;
• If the actual figures of NFP and average hourly earnings are lower, and the unemployment rate is higher than the forecasts, the USD will fall.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 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.
The Facebook earnings report is coming at 00:00 MT time on January 30.
Apple earnings report is released at 00:00 MT time on January 29.