Summary of the most interesting economic events from the trading week of January 23 - 29, 2023

Welcome to our last January summary of the fundamentals that we used to shape our business plans last week.

The week surprised with a few numbers and we could see higher volatility.

Read more to stay in the loop!

EUR

Last week we got quite positive data from the euro area.

USD
US PMI brought us slightly positive data for the US dollar after a long time.

CAD
On Wednesday, we closely followed the Bank of Canada meeting, which did not surprise us much.

And what's in store for the current trading week?

The current trading week will be marked by central bank meetings, on which we will focus our attention. The most important meeting will be on Wednesday (20:00) when the Federal Reserve (Fed) will meet. The markets are expecting a hike of only 25 basis points.

Sources:

https://www.investing.com

https://www.forexlive.com

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