Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will the CAD rise on positive Ivey PMI?
Information is not investment advice
Ivey PMI will be announced at 17:00 MT time on January 7.
175 purchasing managers selected geographically across Canada report their business activity each month to Ivey Business School. Ivey PMI is calculated based on these numbers. As businesses react quickly to the changes in market environment and financial outlooks, this indicator is a central tool to assess Canada’s economic health. A resulting value below 50 generally means economic contraction, which was the case in September and October. The November value, which was released on December 5, was 60. That was higher than market expectations and signaled an economic upswing. If a similar scenario takes place on January 7, the CAD may grow.
- If the indicator exceeds the market expectation, the CAD will gain strength.
- If the indicator underperforms, the CAD will fall.
Similar
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
Choose your payment system
