The Bank of Canada will release the interest rate on October 24 at 17:00 MT time.
US labor market data
|US labor market figures at 15:30 MT time on December 8 will be especially important. This is the last release of these data ahead of the Federal Reserve’s meeting on December 13, at which the central bank is expected to raise interest rates and make important announcements about its further plans.|
|Strong nonfarm payrolls (NFP) and average hourly earnings will make the market price in future rate hikes in the United States. This will make the USD strengthen. Weak figures, on the other hand, will hurt the USD in the major pairs.|
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What this week will bring to us? The rate statements from the central banks of Canada and Eurozone, the US data, details on the Italian budget problem and even more!
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…