Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
The jobs data may push the CAD up
Canada's jobs data is expected on February 8, at 15:30 MT time.
The employment indicators are very important, as they show the level of consumer spending in the country. Last time the actual figures supported the CAD. In particular, the level of employment change reached 9.3 thousand jobs (vs. the forecast of 6.8 thousand) and the unemployment rate fell to 5.6% (vs. the forecast of 5.7%). If this time the situation repeats itself, the CAD will be stronger.
• If the employment change is higher and the unemployment rate is lower than the forecasts, the CAD will move up;
• If the employment change is lower and the unemployment rate is higher than the forecasts, the CAD will fall down.
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Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
Market updates on September 18
The FOMC meeting is on the agenda. Will the Fed keep its rate on hold or not?
Latest news
Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
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