Good morning, traders! Here’s the most impactful news of the week and the day. The market will be highly volatile, so you better be ready.
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.
Be ready to trade like never before, as this week may turn the market upside down. US CPI, EU Interest Rate, and many news to follow. Here’s what we have:
Nothing can stop us from finding hgh quality trades and impactful news. This market wrap proves it, here’s what you need to know:
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