The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Get ready to trade the USD on the inflation data.
The US will release monthly consumer price index figures (CPI) for October at 15:30 MT time on November 14.
This indicator is important as this is the base for the Federal Reserve future monetary policy decisions. Last month the inflation rate declined by 0.1% and made the USD weak. The higher-than-expected level will be appreciated by the market, so the USD will get a chance to strengthen.
• If CPI outperforms the forecast, the USD will rise.
• If CPI is lower than the forecast, 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.