The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
China's July exports and imports surge slower than expected
In July, China's imports and exports ascended more slowly than expected, driving worries over whether global demand is already cooling even as key Western key banks consider scaling back their huge stimulus programs.
In 2017, Europe and China have been driving a surging share of global surge because political conflict affects policies being pushed by Donald Trump.
However, in July, China's export surged slowed to 7.2% from the previous year, which turns to be the weakest tempo since February. Financial experts had hopes for a 10.9% surge.
Imports headed north 11%, which is the slowest ascend since December, and also dropped from a 17.2% leap in the previous month. It also ruined hopes for a 16.6% ascend.
It left the Asian country with a trade surplus of about $46.74 billion for the month, which is the highest outcome since January, versus predictions for $46.08 billion. The reading exceeded June's value of $42.77 billion.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!