19 Jan Key Global Economic Events for January 19 – 25, 2015

 World Week Ahead

The most important event this week in the global foreign currency markets is the European Central Bank’s policy meeting on Thursday. For Canada’s week ahead visit here.

Monday January 19:

CHINA (YUAN):

• China’s December Industrial output (expected output index +7.5%, up by 0.3% from November).
• Fourth Quarter GDP (Expected to drop by 0.1% from last quarter)
• December Retail Sales (up 0.89% from November)
• December Fixed Assets Investment (drop from 0.1% from November)

Tuesday January 20, 2015

TURKEY [LIRAS]: Central Bank of Turkey releases their interest rate decision.

Wednesday January 21, 2015

JAPAN [YEN]: The bank of Japan releases their policy decision. It is not expected that Bank of Japan will make a change to their bond buying program. There may be some minor changes made, nothing big is expected.

BRAZIL [REAL]: Banco Central Do Brazil will release their monetary policy decision.

CANADA [DOLLAR]: We will see Bank of Canada’s first 2015 Interest rate decision.

Thursday January 22, 2015

EUROZONE [EURO]: European Central Bank makes their monetary policy announcement. This is the most important event of the week.

U.S. [US DOLLAR]: Unemployment insurance weekly claims. This is a release of expected weekly jobless claims, anything disappointing may have an effect on the dollar exchange rate.

Friday January 23, 2015

U.S. [US DOLLAR]: December existing home sales numbers. This will show whether falling interest rates have improved labour conditions and improved home buying activity.

Sunday January 25, 2015

Greece [EURO]: Greece’s snap elections are on Sunday and currently the anti-bailout party Syrzia is leading in the polls. This could create further instability in the Euro Zone and undermine it’s credibility.