Weekly Economic & Political Timeline - 17 January 2016

This past week has again seen some strong moves, even in the absence of much major news, due to a decisive “risk off” sentiment. This coming week ahead is quite likely to see continued strong movement, with a greater volume of news scheduled.

The big days are going to be Wednesday and Thursday. These days will see key monthly central bank releases concerning the Euro and the Canadian Dollar, as well as some key U.S. economic data.

U.S. Dollar

Monday is a holiday and so the greenback’s week begins on Wednesday with releases of Building Permits, CPI and Crude Oil Inventories data. Thursday will see the release of Unemployment Claims numbers and the Philly Fed Manufacturing Index.

Euro

Tuesday will see the release of German ZEW Economic Sentiment data, but the big day for the Pound this week will be on Thursday when the ECB will announce its Minimum Bid Rate accompanied by the usual monthly press conference which may cause significant volatility in the Euro. Friday will see releases of both French and German Flash Manufacturing data.

Canadian Dollar

The big day for the Loonie this week will be on Wednesday when the Bank of Canada will announce its Monetary Policy Report, Rate Statement and Overnight Rate. There will also be a release of Manufacturing Sales data. Friday will see releases of Core CPI and Core Retail Sales data.

British Pound

Tuesday will see the release of CPI data. Wednesday bring the Claimant Count Change and Average Earnings Index releases. Finally on Friday Retail Sales data will be released.

China

On Tuesday China will release GDP and Industrial Production data, which are likely to be significant in the current market climate.

New Zealand Dollar

It will be a quiet week for the Kiwi, with nothing scheduled except Tuesday’s GDT Price Index and CPI data.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.