Inflation data is the most important indicator that affects the central bank’s monetary policy. The bank decides whether to raise the interest rate or not by considering inflation figures. CPI is the most important inflation-related indicator. As a result, it’s obvious that traders pay great attention to it. CPI data will be out on July 20 at 15:30 MT time.
The CAD strongly needs support of positive economic data. It is highly correlated with oil prices. As soon as oil benchmarks appreciate, the Canadian dollar gets a boost and vice versa. Up to now, the oil market has been highly volatile. It had been affecting the Canadian currency as well. As a result, the CAD needs support of economic indicators to stabilize.
• If the data is greater than the forecast, the CAD will rise.
• If the data is weaker than the forecast, the CAD will go down.
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Nothing can stop us from finding hgh quality trades and impactful news. This market wrap proves it, here’s what you need to know:
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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