US stock markets started falling, while the US dollar is rising. What to expect from
Time for Canadian dollar
Instruments to trade: USD/CAD, EUR/CAD, GBP/CAD
Canada's retail sales will be out on Friday at 15:30 MT time. The last report marked the fifth monthly increase in a row, and the first time actual retail sales come out better than the estimates: 1.1% vs. the forecast of 0.2%. These days USD/CAD is trading at its multiyear low levels driven by the weakness of USD. If this time Canada’s retail sales beat expectations again, the pair will fall even deeper. Follow the report and catch the market flow!
- If sales come out better than the forecasts, the CAD will surge.
- Otherwise – the CAD will drop.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?