20.01-24.01 Event Historical Reactions

Source: Dukascopy Bank SA
The week will be filled with data releases that are shown on many economic calendars as high impact.

Throughout the week releases from Canada will be published. On Wednesday, the Canadian CPI data will be published at 13:30 GMT. On Friday, the Canadian core Retail Sales data will be released at 13:30 GMT.

Meanwhile, one the top events of the week will be the Canadian Overnight Rate announcement. On Wednesday, the Bank of Canada will reveal its future policy at 15:00 GMT.

Moreover, the European Central Bank will announce its Main Refinancing Rate on Thursday at 12:45 GMT. In addition, the Monetary Policy Statement will be released.

Also, on Thursday, the US Crude Oil Inventories are set to be published at 16:00 GMT.

The week will end with the German Flash Manufacturing and Services PMIs survey results releases on Friday at 8:30 GMT.

The reactions on the tables are measured in pips by comparing the difference in the exchange rate five minutes before the event and five minutes after the event. The exception are the Light and Brent oil price indices, which are measured in USD.

Wednesday, 13:30 GMT
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Wednesday, 15:00 GMT
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Thursday, 12:45 GMT
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Thursday, 16:00 GMT
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Friday, 8:30 GMT
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Friday, 13:30 GMT
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