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

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

What Can Happen to the CAD after the Retail Data?

What Can Happen to the CAD after the Retail Data?

Information is not investment advice

What will happen?

Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3. The indicator represents the change in the total value of sales at the retail level. Apart from the headline Retail Sales, the Core indicator does not include automobile sales due to their volatility.

Why is it important?

Economists track the differences in releases of Retail Sales and Core Retail Sales month-by-month, as it helps to see the level of consumer spending. If the indicators rise, consumers spend more, economic activity expands, and inflation increases. As a result, the central bank starts considering monetary policy tightening. This is a bullish signal for the currency.

Last time, the data was mixed. The headline indicator did not show any changes (0% vs. 1.5% expected), while Core Retail Sales increased by 2.4% (vs. the forecast of 2.2%). You can see the candlestick with the small body on the chart of USDCAD after the release. The figures from Canada were overshadowed by the weak US preliminary GDP, which fell 1.5% vs. the forecast of -1.3%. As a result, the Canadian dollar strengthened after the statistics were published. If you traded one lot of USDCAD on May 26, you could have earned more than $400.

1.png

How to trade on the Canadian Retail Data?

Wait for the actual figures to appear in the economic calendar and compare them with the forecasted ones.

  • If Retail Sales and Core Retail Sales are higher than the forecasted, the CAD will rise.
  • If Retail Sales and Core Retail Sales are lower than the forecasted, the CAD will fall.

Check the Economic Calendar.

Instruments to trade: USDCAD, CADJPY, CADCHF

LOG IN

Similar

How Will US PMIs Affect the USD?

The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.

Will Fed Chair Powell Move the USD?

The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.

Popular

How Will US PMIs Affect the USD?

The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.

Will Fed Chair Powell Move the USD?

The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later