CAD is in focus
Follow Canadian core retail sales on September 18 at 15:30 MT time!
Canadian CPI
| CPI (Consumer Price Index) is the main inflation indicator. As inflation affects monetary policy of a central bank, there are no doubts that traders should pay attention to CPI releases. The Bank of Canada continues to keep the interest rate unchanged. To raise the key rate the central bank needs a push from the economic data. If the CPI is greater than the forecast, the CAD will appreciate. Look at the CPI data at 15:30 MT time on May 18 to trade the Canadian dollar. |
Similar
Will the BOC add strength to the Canadian dollar?
The Bank of Canada will publish a rate statement and an update on the interest rate on September 9, at 17:00 MT time.
Retail data for Canada is an opportunity for the CAD
Canada will announce the Canadian retail sales and core retail sales on August 21, at 15:30 MT time
Latest news
US stimulus package improved sentiment
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
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