Big Event for USD: Retail Sales
The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2.
Any optimism for the Canadian labor market?
What will happen?
Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
Since May, which saw the unemployment rate reach 13.7% in Canada, this indicator has been going down until it came to 8.5% in November. After that, however, it started growing again and reached back up to 9.4% in January. February saw a drop to 8.2% - the lowest since the start of the pandemic in March. It was good news as the market was expecting 9.4%.
How to trade the Canadian jobs data?
This time, the expectation is 8.2% for the unemployment rate in Canada. Any major deviation from that may lead to a corresponding reaction in the course of the CAD.
- If the unemployment rate is lower than expected, the CAD may gain value;
- Otherwise, the CAD will drop.
Instruments to trade: AUD/CAD, USD/CAD, CAD/JPY, GBP/CAD
Similar
US Producer Price Index Will Impact USD
The US will reveal the Producer Price Index (PPI) on January 13, Thursday, at 15:30 GMT+2.
Will CPI Boost the US Dollar Again?
The Consumer Price Index will be out at 15:30 MT (GMT+2) on Wednesday, January 12.
Latest news
US unemployment data and the USD
The United States will publish the Initial Jobless Claims on Thursday, December 30, at 15:30 GMT+2 (MetaTrader time).
First NFP in 2022 Can Rock the Markets
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
An index that will rock USD
The United States will publish the ISM Non-Manufacturing PMI on Thursday, January 6, at 17:00 GMT+2 (MetaTrader time).
