Weekly Forex Outlook: 20/01/2023 -  BoC may hike one final time; Will PMIs spread gloom or optimism?

As 2023 gets underway, so do the central bank meetings and the Bank of Canada will be the next after the BoJ to announce its first policy decision of the year. Meanwhile, investors will be nervously awaiting the first PMI readings of 2023 next week as they juggle to reach a consensus about the recessionary risks. In the United States, there will additionally be the advance GDP estimates for the final quarter of 2022, as well as PCE inflation data. The latest CPI numbers will be at the forefront too in Australia and New Zealand.

0:00 Intro
0:22 BoC meeting and loonie
2:08 US data and dollar
4:54 Eurozone and UK PMIs
6:57 CPI for Australia and New Zealand

For more information on the topics discussed in this video, including detailed charts and tables, read the full Weekly Forex Outlook article:


For more information on the topics discussed in this video, including detailed charts and tables, read the full Week Ahead article:

https://www.xm.com/research/analysis/forexPreviews/xm/week-ahead-boc-may-hike-one-final-time-will-flash-pmis-spread-optimism-or-gloom-173111

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