The United States will publish Core PCE Price Index on Thursday at 15:30 GMT+2.
Final Opportunity for the CAD
What will happen?
Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2. They are indicators of economic activity that show the change in the value of sales at the retail level. The main difference between the headline and core indicators is that the latter excludes automobile sales.
Why is it important?
They are the measures of consumer spending, which account for most overall economic activity. It brings volatility to the Canadian dollar that you can trade against other currencies.
Last time, the Canadian dollar inched higher after retail sales outperformed expectations with -0.6% versus the forecast of -1.6%.
How to trade on the Canadian Retail Sales and Core Retail Sales?
It’s easy! Just compare the actual data with the forecasts which appear a few days before the report in the economic calendar.
- If the indicators are higher than the forecasts, the CAD will rise.
- Otherwise – fall.
Instruments to trade: USD/CAD, CAD/JPY, CAD/CHF
Federal Reserve will make a statement on November 3, 20:00 GMT+2. There we will hear about Fed’s view on the current economic situation, tapering plans, and other hawkish or dovish tones.
What will happen? BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27…
The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.