Important upcoming events and publications

Important upcoming events and publications for February 27 (GMT):

13:30 Canada Consumer price index is expected to demonstrate a sharp slowdown in January from 2.0% to 1.4%. The cooling inflation is seen as a negative signal for CAD, as it reduces the chances of further rate increases by the Bank of Canada.

13:30 U.S. Goods Trade Balance is in the market focus after the prolonged delay of publications due to the shutdown. Please note that the source is scheduled to publish data for two months – November and December, which may cause USD shake-up.

15:00 The second day of the Fed’s semi-annual report to the U.S. Congress. The introductory speech and rhetoric in general often repeat theses of the previous day, but nevertheless one should not ignore this speech of Powell as it can provoke some price dynamics in pairs with USD.

See the detailed Economic calendar here