Canada will release the level of CPI on August 21, at 15:30 MT time.
The US will publish important indicators
The levels of retail sales and core retail sales for the US will be out on July 16, at 15:30 MT time.
The indicator of retail sales represents the change in the total value of sales at the retail level. Its core level shows data, which excludes automobile sales due to their high volatility. Last time the headline retail sales increased by a lower-than-expected level of 0.5% (vs. the forecast of +0.7%). At the same time, the core indicator came out in line with the expectations. It showed an increase of 0.5%. As a result, the USD failed to rise on these indicators. Will the release bring positive momentum to the USD this time?
• If the indicators are higher than the forecasts, the USD will rise;
• If the indicators are lower than the forecasts, the USD will fall.
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Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.