ONLINE FOREX BROKER
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.
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%.
It’s easy! Just compare the actual data with the forecasts which appear a few days before the report in the economic calendar.
Instruments to trade: USD/CAD, CAD/JPY, CAD/CHF
China delays GDP data because of potentially harmful numbers, but we will never delay our news because every release is an opportunity to trade on it! Here’s what will move markets today:
The UK Office for National Statistics will publish its Consumer Price Index (CPI) update on October 19 at 09:00 GMT+3 and Statistics Canada will release the Consumer Price Index (CPI) on October 19 at 15:30 GMT+3.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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