Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Will the Canadian dollar strengthen?
Canada will publish retail sales and core retail sales at 15:30 MT time on December 20. The headline indicator shows the change in the total value of sales at the retail level. The core one is generally the same, but without automobile sales due to their volatility. These indicators are important as they show the level of consumer spending in the country. The previously released data was positive for CAD bulls. While core retail sales advanced by 0.2%, the headline indicator fell, but the decline was smaller than the analysts’ expectations (-0.1% vs. -0.3% expected).
• If the releases are greater than analysts’ expectations, the CAD will rise;
• If the releases are weaker than analysts’ expectations, the CAD will fall.
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USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Will the GDP growth strengthen the CAD?
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
Latest news
What drives the market on August 10?
The market has started the week with a mixed sentiment…
Big day for USD
The US NFP will be published on August 7 at 15:30 MT time.
Main market movements on August 6
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
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