ECB meeting is on the agenda. Will the EUR get weaker?
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.
The news that opposition lawmakers plan to stop Boris Johnson to leave the European Union without a deal increased the political uncertainties in the UK.
The level of non-farm payrolls (NFP), also known as non-farm employment change will be published on September 6, at 15:30 MT time.
The retail sales for the US in focus today
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.