Final Opportunity for the CAD
Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
Retail data for Canada is an opportunity for the CAD
Canada will announce the Canadian retail sales and core retail sales on August 21, at 15:30 MT time
Instruments to trade: USD/CAD, CAD/JPY, EUR/CAD
The indicator of retail sales shows the change in the total value of sales at the retail level. The core version of this indicator is almost the same but without automobile sales. Last time, both indicators came out not as high as they were expected to be. While the headline indicator increased by 18.7% (vs. +20.2% expected), the core one rose by 10.6% (vs. the forecast of +11.9%). Despite the negative release, the CAD strengthened against the weaker US dollar. However, this time the situation may be completely different.
- If the indicators are higher than the forecasts, the CAD will go up;
- If the indicators are lower than the forecasts, the CAD will go down.
Similar
The Euro Awaits Indicator of Consumer Confidence
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
Traders Await US Retail Sales
US Retail Sales will be out on November 16 at 15:30 MetaTrader time (GMT+2). Get ready with us!
Latest news
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The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
