| 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. |
In June, inflation in Great Britain tacked on at a slower than anticipated tempo, thus contributing to the major bank’s dilemma as it considers whether to have interest rates lifted next month or not…
The US dollar index managed to break the psychological level at $95.
In June, American industrial output ascended, underpinned by a steep rebound in manufacturing as well as further revenues in mining output…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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