
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
The Canadian year-on-year inflation rate will be released at 15:30 MT time on November 20.
The October release of the year-on-year inflation rate was 1.9%. That was below the expected 2.1%. November 20 offers a similar possibility: the forecast is the same 2.1%. If the rate is again 1.9%, that would be the third month in a row of the inflation showing no move in either direction. The analysts advise that the Canadian economy has been on a steady growth course in general, with certain internal weaknesses though. The worse-than-expected jobs data referencing the October employment dynamics may have a negative impact on the inflation rate through lower industrial activity. However, if the announced rate exceeds the market expectation, that should appreciate the Canadian dollar.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Nothing can stop us from finding hgh quality trades and impactful news. This market wrap proves it, here’s what you need to know:
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
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