The Bank of Canada May Push the CAD
The Bank of Canada will publish a rate statement and update on the interest rate on Wednesday, at 17:00 MT time.
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.
Similar
What will move the market on July 12-16?
Much impactful news will come out! Read the article to get fresh trade ideas for the whole week!
CAD: Canada Reveals Labor Data
Canada will reveal its jobless rate and employment change for June on July 9, 15:30 MT.
Latest news
Weak USD, Gold and China's Stocks Recover
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
How Much Did the US Economy Grow in Q2?
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Gold and Bitcoin Rise, Fed is Eyed
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
Deposit with your local payment systems
