The most important data expected today
There is not much on the agenda during Thursday's trading, as today we have US unemployment benefit applications and then Canadian retail sales.
Markets are moving in a limited range after Trump's inauguration due to the lack of new economic stimuli.
3:30 p.m. waiting for U.S. unemployment benefit applications
US unemployment benefit applications remain one of the most important data released every week, as they are considered the most accurate indicator of the state of the labor market.
Persistent claims continue to hover around session highs even though we have seen some pullbacks recently.
This week it is expected that the initial claims will amount to 221 thousand against 217 thousand previously.
3:30 p.m. also waiting for Canadian retail sales
Forecasts indicate a decline in monthly retail sales from 0.2% to 0.6%, with retail sales holding their core value at 0.1% levels as it was last month.
It is worth noting that the Bank of Canada is preparing to cut interest rates by a quarter of a point next week, especially after the inflation data released this week on declines.
6:00 pm US President Donald Trump's speech
Scheduled to deliver a speech at the annual meetings of the World Economic Forum, Trump has become only the biggest catalyst for market movements and price volatility due to the lack of new economic stimuli this week.
