Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
Pay attention to the inflation release for Canada
Canada awaits the release of monthly CPI on July 17, at 15:30 MT time.
Consumer prices are important as they represent one of the most significant parts of overall inflation. Central banks pay attention to this release and use it in their assessment of the possible changes to the interest rate. Rising prices drive policymakers to consider higher interest rates. On the other hand, the slowdown of CPI increases the possibility of a rate cut. June's release turned out to be positive for the CAD. Canadian CPI increased by 0.4% (vs. the forecast of 0.1%). It pushed the loonie higher. Let’s see what the release will bring to the CAD traders this time.
• If CPI is higher than expected, the CAD will go up;
• If CPI is lower than expected, the CAD will go down.
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).