How Will US PMIs Affect the USD?
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
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. |
Similar
Will GBP Plunge on Monetary Policy Summary?
The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
Will the Fed Surprise Investors?
The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).
Latest news
ISM PMI Indicates Contraction
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
US PCE May Soar Soon
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
Bank of England Tries to Save the Pound
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
