Australian monthly retail sales will be announced at 04:30 MT time (GMT+3) on Wednesday, July 21. T
Pay attention to the important release for Canada
Canada will publish the level of core retail sales on June 21, at 15:30 MT.
The indicator represents the change in the total value of sales at the retail level (excluding automobiles). Last time, it came out higher than the expectations. The indicator increased by 1.7% (vs. the forecast of 0.8%). As a result, the loonie was boosted by the release. This time, we will see core retail sales to advance by 0.6%, according to analysts. Will the indicator outperform the forecasts?
• If the actual level of core retail sales is higher than the forecasts, the CAD will rise;
• If the actual level of core retail sales is lower than the forecasts, the CAD will fall.
The Bank of Canada will publish a rate statement and update on the interest rate on Wednesday, at 17:00 MT time.
Much impactful news will come out! Read the article to get fresh trade ideas for the whole week!
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!