Job data for Canada: a relief or another disappointment?
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
The CAD awaits the retail figures
Canada will post an update on change in core retail sales on March 20 at 14:30 MT time.
Instruments to trade: USD/CAD, CAD/JPY, EUR/CAD
The Bank of Canada unexpectedly cut the interest rate, so the Canadian dollar fell to the lows of February 2016 against the USD. One of the releases which may help the loonie to recover this week is the retail figures. Analysts recommend paying attention to the core level, as it shows more accurate information due to exclusion of volatile automobile sales. Last time, an advance by +0.5% brought short-term positive momentum to the CAD. That is, the release will be important for day-traders.
- If the actual level of indicator is higher than analysts’ expectations, the CAD will rise;
- If the actual level of indicator is lower than analysts’ expectations, the CAD will fall.
Similar
Will the Canadian dollar rise?
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
Canadian job data may push the CAD up
Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Latest news
Weekly US employment: a chance for the USD
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
British inflation may send the GBP up
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
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