The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
All traders await NFP
The NFP will be announced at 15:30 MT on January 10.
The last NFP release on December 6 provided very positive figures, bringing 266K added jobs to the economy, 3.5% unemployment rate, and 0.2% growth in average hourly earnings. The figures mostly surpassed market expectations and showed a significantly improved domestic picture for the US. Coupled with the positive news from the US-China trade talks, it led to a substantial rise of the USD. If the January 10 release referring to the industry performance in December brings another positive outcome, the USD will gain strength and provide a good market mood for the start of the year.
- If the NFP data is better than the market expectation, the USD will grow.
- If the NFP data is below market expectations, the USD will fall.
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
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.