Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The RBA has no clue what’s going on
The market anticipates the rate statement by the Reserve bank of Australia at 7:30 MT on October 1.
The speech by the RBA governor Philip Lowe on September 25 increased the chances of a rate cut during this meeting. According to the head of the bank, the regulator was “surprised” by the economic slowdown. It was not sure what else hurt the economy besides the global uncertainties, weak growth of the household prices and the drought. Besides the uncertain comments, Mr. Lowe said that the bank was ready to continue the easing policy to reduce unemployment and stimulate economic growth. That is why a rate cut by 25 basis points may happen and, therefore, may weaken the Australian currency.
• If the RBA cuts its rate, the AUD will fall;
• If the RBA does not cut its rate, the AUD will rise.
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.