Market updates on October 15
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
Canadian CPI
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.
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Bullish optimism in the market continues
Did you expect your trading day to be as bullish as today?
Market updates on October 11
Brexit optimism is driving the pound higher and the second day of trade talks is on the agenda.
Latest news
The aussie may move on a jobs data
Australia will publish the level of employment change and the unemployment rate at 3:30 MT on October 17.
Market updates on October 16
The escalation of the US-China trade dispute and the Brexit uncertainties keep affecting the market. Read more!
Brexit deal is close? GBP/USD has risen by more than 140 pips!
The reports that the UK and the EU are close to complete a draft Brexit deal have pushed the British pound higher.
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