Economic Event Of The Week

The events of the week ahead are somehow light impact as we are heading into the third week of January. Today we have virtually no events happening as the financial center is having a day off due to national holiday, namely Martin Luther King, Jr Day.

For Tuesday we have the UK CPI data expected to remain somewhat unchanged from 3.1% to 3.0%.

Wednesday is heavier on events as there will be releases on EUR CPI, AUD Employment change and the most impactful - BoC Interest rate decision. Bank of Canada is expected to raise the Interest rate from 1.00% to 1.25%.

Thursday would bring us the ADP Nonfarm employment change in Canada and Friday is again lightweight with only the GBP Retail sales.

*All times are in EST.