The BoC Interest Rate Wednesday
January 8, 2019 1:43 pmVideo
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Dukascopy TV Team is back with the Economic Calendar for Wednesday, 9th of January.
The German Trade Balance release for November opens this agenda at 7 o’clock in the morning. The seasonally adjusted surplus narrowed down in October from September’s level of 17.7 billion Euros.
The December publication of the Swiss Consumer Price Index is up next a half an hour later. According to the Federal Statistical Office, prices slipped by point three percent in November on falling prices for international package holidays and overnight stays in hotels.
Up next is the Canadian Housing Starts report for December at a quarter past 1 PM GMT. Housing starts increased for the second month in a row in November as they edged up to nearly 216 thousand units when seasonally adjusted.
The day’s key event for the Loonie Dollar traders then follows at 3 PM GMT when the Bank of Canada will release their interest rate announcement. The benchmark interest rate currently stands at 1.75 percent, where it has been since being hiked in October. The central bank will hold a press conference at a quarter past 3 PM.
Sterling traders will be watching closely a speech by the Bank of England Governor Mark Carney at 3:30 PM.
The UK Retail Sales Monitor for December is up next shortly after midnight. Sales previously decreased by a half a percent on an annual like-for-like basis from November 2017, when they had increased by point 6 percent from the preceding year.
A couple of December publications regarding the Chinese economy wrap up this agenda at 1:30 in the morning. The latest update on the Consumer Price Index will be available along with the Producer Price Index.
I’m Jack Everitt and these were the potential FX markets movers out on Wednesday.
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