Uptrend in Gold Starts Now
Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!
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.
Similar
The Last Volatile Week of 2022
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
China Stocks are About to Jump
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
Latest news
Market Crash Incoming?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
Investor Positivity May Fade After Powell's Speech and CPI Release
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
