Market updates on September 12
ECB meeting is on the agenda. Will the EUR get weaker?
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.
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The British pound falls further ahead of the Cabinet meeting
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 market awaits NFP
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.
Latest news
5 important events this week will bring us!
Pay attention to the FOMC meeting, where the rate cut is expected. Also, it is recommended to keep an eye on the oil prices, updates on trade talks between the USD and China and, of course, Brexit.
Market updates on September 13
The retail sales for the US in focus today
"Buy the rumor - sell the fact" action for USD/TRY
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
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