Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
Canada’s CPI and Retail Sales
|Canadian inflation figures are considered to be very important by Forex traders who use CPI release to estimate the likelihood of another rate hike this year. The Bank of Canada is expected to continue raising interest rates, but only as long as price pressures hold up.|
|Canada’s annual inflation rate rose from 1.0% in June to 1.2% in July. Following this release, Canadian central bank raised its interest rate for the first time in 7 years. If CPI number once again exceeds expectations, traders will buy the CAD. If the reading disappoints, Canadian currency will suffer.|
|Retail sales will also be published at 15:30 MT time on September 22. The last release showed that the nation’s retail sales cooled in June after three consecutive months of solid growth. So far, the data doesn’t derail the rate hike prospect, but the CAD will be very sensitive to the indicator’s update.|
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.