Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
The loonie awaits the important release
Canada will release the level of CPI on August 21, at 15:30 MT time.
The consumer price index is defined as the change in the prices of goods and services that are usually purchased by a customer. It accounts for the majority of overall inflation. Last time, the indicator declined by 0.2%. Despite that, the release was still better than the forecast of -0.3%. As a result, the Canadian dollar strengthened.
• If the level of CPI is higher than the forecasts, the CAD will rise;
• If the level of CPI is lower than the forecasts, the CAD will fall.
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
Commodities (iron ore, oil) and commodity-linked currencies (AUD, CAD) surged. West Texas Intermediate has reached $75 a barrel, while Brent rose to the highest mark since October 2018.
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.