When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
Retail sales are moving this week
Canada will publish the monthly retail sales and core retail sales on November 20 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 were not so encouraging. While the headline indicator increased by 0.4% (vs. +1% expected), the core one rose only by 0.5% (vs. the forecast of +0.9%). The Canadian dollar weakened after the release.
- If the indicators are higher than the forecasts, the CAD will go up;
- If the indicators are lower than the forecasts, the USD will go down.
It’s Wednesday, the froggy day for the whole internet. Here’s news that moves the market:
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
GDP in Europe is decreasing, but EURUSD jumped owing to the US labor market statistics.
The CAD is dominating the markets after the key rate increase! Read the full report to learn more about trading opportunities with the Canadian Dollar!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?