The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.