Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The volatility for the CAD is expected
Canada will release the level of core retail sales and CPI on March 22, at 14:30 MT time. CPI represents the change in the price of goods and services purchased by consumers. It's a very important indicator of inflation due to its early release and broad scope. CPI will be released at the same time with the level of core retail sales. Core retail sales show the change in the total value of sales, excluding automobiles. Together, they may provide great volatility to the loonie. Last time, CPI increased by 0.1% (lower than the forecasts), while core retail sales remained at the same level. Will the indicators outperform the forecasts this time?
• If the actual levels of indicators are higher, the CAD will go up;
• If the actual levels of indicators are lower, the CAD will go down.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…