Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The CAD traders await the GDP growth
Canada will publish the figures of GDP growth on August 30, at 15:30 MT time.
GDP measures the change in the value of all goods and services produced by the economy. Traders, investors, and policymakers pay attention to it, as represents the economic activity of a country. Higher figures of GDP growth push the domestic currency up. During the previous release, the Canadian indicator advanced by 0.2% (vs. the forecast of 0.1%). The USD/CAD pair inched lower after the release but reversed immediately on the stronger dollar. Let's see what happens this time.
• If the actual level of indicator is higher than the forecast, the CAD will strengthen;
• If the actual level of indicator is lower than the forecast, the CAD will weaken.
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.