The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Retail data may shake the loonie
Information is not investment advice
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
Retail indicators show the change in the total value of sales at the retail level. The main difference between the headline and core indicators lies in the fact, that the latter excludes automobile sales due to their volatility. Last time both indicators came out much lower than the projections. While the forecasts were quite optimistic, the actual figures showed a decline. The retail sales fell by 1.2%, and core retail sales - by 0.5%. As a result, the Canadian dollar moved down. Will we see a different outcome this time?
• If the indicators are greater than the forecast, the loonie will rise;
• If the indicators are lower than the forecasts, the loonie will fall.
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
The country has come through the worst and is recovering now.
Moody’s downgraded the country to ‘junk’ status on Friday.
The US economy has been hit hard by the coronavirus outbreak.