Weekly Outlook: 2017, January 15 - January 22

The dollar was under pressure in a turbulent week that saw President-Elect Trump’s press conference. He will enter the White House in the upcoming week. In addition, we have speeches from Mark Carney and Janet Yellen, Inflation data in the UK and the US, Employment data in the UK and Australia and rate decisions in Canada and the euro-zone.

1. Mark Carney speaks: Monday, 19:30. BOE Governor Mark Carney will speak in London. Market volatility is expected.
2. UK inflation data: Tuesday, 9:30. The Bank of England expects inflation to continue to rise during 2017 to 2.7% and remain above the 2% target until 2020.
3. UK Employment data: Wednesday, 9:30.
4. US Inflation data: Wednesday, 13:30.
5. Canadian rate decision: Wednesday, 15:00. The Canadian dollar is losing strength and household imbalances have risen once again.
6. Janet Yellen speaks: Wednesday, 21:00. Federal Reserve Chair Janet Yellen will speak in San Francisco. Market volatility is expectd.
7. Eurozone rate decision: Thursday, 12:45. The bank has prolonged the bond-buying program by nine months until the end of 2017, indicating the central bank does not intend to abandon its plans to boost the Eurozone’s economy.
8. US Building Permits: Thursday, 13:30. Economists expect housing to continue growing despite rising mortgage rates after Trump’s election.
9. US Philly Fed Manufacturing Index: Thursday, 13:30.
10. US Unemployment Claims: Thursday, 13:30.
11. US Crude Oil Inventories: Thursday, 16:00.

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