Canadian job data may push the CAD up
Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
An important release for the CAD
Canada anticipates the release of its trade balance on July 3, at 15:30 MT time.
The indicator represents the difference in value between imported and exported goods during the month. Higher figures are better for the loonie. Last time the indicator turned out to be negative. However, it was better than the expectations (- 1.7 billion vs. -2.8 billion expected). As a result, the CAD rose. Let’s see what is going to happen this time.
• If the indicator is higher than the forecasts, the CAD will go up;
• If the indicator is lower than the forecasts, the CAD will go down.
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Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
USD is waiting for the jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
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CAD is in focus
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Start the week with fresh analytics!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
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