The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!
UK Inflation Report Hearings
|The Bank of England’s Governor and several members of the Monetary Policy Committee will testify on inflation and economic outlook before the Parliament’s Treasury Committee at 12:00 MT time on February 20.|
|It is important not only to listen but hear. This event can get the GBP in motion. Any direct comments about the currency market will be especially important. The hearings should give traders some clues about the central bank’s future monetary policy.|
The Bank of England will hold a meeting on Thursday at 14:00 MT time (GMT+3).
The US showed strong retail sales for August despite the spread of the Delta virus strain. As a result, the US dollar rocketed and gold dropped by 2286 points in half an hour after the release.
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).