The Canadian central bank will announce interest rates and make a speech on Wednesday, July 15, at 17:00 MT time. Also, the BOC press conference will be later at 18:15 MT time.
Trade the Canadian dollar on the economic releases
Consumer price index (CPI) and core retail sales for Canada will be published at 15:30 MT time on November 23.
Consumer price index shows a change in the price of goods and services purchased by consumers. It has a direct connection with the level of overall inflation. Core retail sales demonstrate a change in the total value of sales excluding automobiles. It indicates the economic conditions of a country, as consumers tend to spend more when the economic conditions are stable. Last month both of the indicators dropped by 0.4%, despite the forecasts of increase by 0.1%. However, this month they have a chance to recover.
• If the actual data are higher than forecasts, the CAD will rise.
• If the actual data are lower than forecasts, the CAD will fall.
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
The market sentiment is mixed. Let’s look at most interesting movements on the market today.
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…