Pay attention to the news from the UK and Italy
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.
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