Analysis

CAN Retail Sales/AUS Employment [Video]

Let's see what news publications could shake up the FX markets on this Wednesday, January 23rd. The UK CBI Industrial Trends Survey for January opens this agenda at 11 o'clock in the morning. Survey balance slipped in December from November's level of plus 10 and the downtrend is expected to continue this time around as well. The publication of the Canadian Retail Sales for November could then shake up the Loonie Dollar at 1:30 PM GMT. Sales were up by three tenths of a percent in October to 51 billion Canadian Dollars. Higher sales at motor vehicle and parts dealers and gasoline stations were the main contributors to the gain. The US House Price Index for November will then be available a half an hour later. Prices were up by point 3 percent in October and the last monthly contraction was posted in early 2014. Euro Zone Consumer Confidence update for January is up next at 3 PM. Consumer confidence continued deteriorating in December as the index dropped to minus 6.2. This was the seventh consecutive month in the red. The high importance Australian Labour Force Survey for December then wraps up this calendar at a half past midnight GMT. The seasonally adjusted employment was up by 37 thousand, pushing unemployment down to 5.1 percent.

 

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