US Monthly PPI will be announced on Friday at 15:30 MT time.
The CAD awaits the retail figures
Information is not investment advice
Canada will post an update on change in core retail sales on March 20 at 14:30 MT time.
Instruments to trade: USD/CAD, CAD/JPY, EUR/CAD
The Bank of Canada unexpectedly cut the interest rate, so the Canadian dollar fell to the lows of February 2016 against the USD. One of the releases which may help the loonie to recover this week is the retail figures. Analysts recommend paying attention to the core level, as it shows more accurate information due to exclusion of volatile automobile sales. Last time, an advance by +0.5% brought short-term positive momentum to the CAD. That is, the release will be important for day-traders.
- If the actual level of indicator is higher than analysts’ expectations, the CAD will rise;
- If the actual level of indicator is lower than analysts’ expectations, the CAD will fall.
All the interesting market movements are here!
Australian Private Capital Expenditure will be out on Thursday at 2:30 MT time!
Oil jumped to March high, stocks are heading to record highs, while the US dollar is on the back foot.