It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Trade the Canadian dollar on the economic data
The levels of monthly GDP and core retail sales for Canada are expected on December 21, at 15:30 MT time.
Last time analysts forecast GDP to increase by 0.1%, however, the actual data showed a decline of 0.1%. As for retail sales, the actual data released last month outperformed the anticipated increase of 0.1% by the analysts. If this time the releases are higher than the expectations, the CAD will be supported.
• If the indicators are higher than expected, the CAD will rise;
• If the indicators are lower than expected, the CAD will fall.
Be ready to trade like never before, as this week may turn the market upside down. US CPI, EU Interest Rate, and many news to follow. Here’s what we have:
Nothing can stop us from finding hgh quality trades and impactful news. This market wrap proves it, here’s what you need to know:
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?