Don’t waste your time – keep track of how NFP affects the US dollar!

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Major Event Alert: Canadian Retail Sales

Major Event Alert: Canadian Retail Sales

Information is not investment advice

What will happen?

Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).  These indicators represent a change in the total value of sales at the retail level.

Why is it important?

The indicators measure the level of consumer spending that accounts for the majority of overall economic activity. Based on these figures the central bank decides whether the economy is expanding fast enough to raise the interest rate.

During the previous release, both retail sales and core retail sales declined. However, their declines were smaller than analysts expected: -0.6% for retail sales and -1% for core retail sales. As a result, the Canadian dollar gained strength.

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How to trade on the Canadian Retail Sales?

Follow the economic calendar and compare the actual figures with the consensus given.

  • If the sales are higher than the forecasts, the CAD will rise;
  • If the situation is different, the CAD will fall.

Check the economic calendar

Instruments to trade: USD/CAD, EUR/CAD, CAD/JPY

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USD Moves Weird Ahead of CPI

The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.

The NFP Release: One More Punch for USD?

The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.

The UK Speeds Up Tightening

The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.

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