During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Another opportunity for the Canadian dollar
The level of GDP growth for Canada will be published at 14:30 MT time. This indicator is the broadest measure of economic activity which reflects the economic health of the country. Last time, the indicator came out lower than the expectations. It made the Canadian dollar suffer. If this time the situation is different, we may see the CAD going up.
• If the actual level of GDP growth is higher, the CAD will go up;
• If the actual level of GDP growth is lower, the CAD will go down.
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
The level of non-farm payrolls, also known as non-farm employment change or NFP will be out on June 7, at 15:30 MT time.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…