To Hike or Not to Hike?
Bank of Canada (BOC) will make a statement on December 8, 17:00 GMT+2.
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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Will PMIs Trigger Fresh Highs in the USD?
The United States will publish Flash Manufacturing and Services PMIs on Tuesday at 16:45 GMT+2.
The GBP may be supported
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
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Assets Won’t Survive This Week
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
