Can you win with the AUD?
RBA Rate Statement is released on Tuesday at 07:30 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.
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Latest news
Can you win with the AUD?
RBA Rate Statement is released on Tuesday at 07:30 MT time.
Oil industry: Donald Trump’s 2 tweets boost the price
WTI oil prices jumped up after Donald Trump’s 2 tweets
March NFP: forecasts and opinions
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
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