Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.
Keep an eye on the important release for the loonie
The level of GDP growth for Canada will be published on June 28, at 15:30 MT time.
The GDP growth represents the change in the inflation-adjusted value of all goods and services produced by the economy. During the previous release, the indicator advanced by 0.5%. That was a higher level than the forecasts by analysts. It made the Canadian dollar rise. Will the situation repeat itself this time? Let's see.
• If the actual level of GDP growth is higher than the forecasts, the Cad will rise;
• If the actual level of GDP growth is lower than the forecasts, the CAD will fall.
The United States will release MoM Retail Sales data on September 16, 15:30 GMT+3.
Canada will release its inflation rate in different forms, including Common, Median, Trimmed, Core, and All items CPI on September 15, 15:30 GMT+3.
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.
The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!