Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
Trade on the Canadian economic data
The Canadian dollar has chances to keep trading at good levels. According to the recent statement of the Bank of Canada, the country’s economic data are in line with the forecasts. And although trade tensions and worries about the emerging markets affect commodity prices, the bank stays optimistic. As a result, for the central bank to raise interest rates rather sooner than later, the economic data should continue being encouraging.Retail sales data will be released at 15:30 MT time on September 21. The release is important for traders as it displays a change in the total value of sales at the retail level.
• If retail sales data is greater than forecast, the CAD will rise.
• If retail sales data is weaker than forecast, the CAD will fall.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.