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.
Wednesday will please traders as many economic indicators will be out! The USA, UK, and Euro Area will release PMI reports on June 23 from 10:15 to 16:45 MT.
The Bank of England will release its statement and announce its monetary policy decision at 14:00 MT.
Last week the USD soared versus other major currencies, while gold headed for the biggest weekly loss in 15 months. Let’s see what new moves await us this week!