CHF: losing value
USD/CHF and EUR/CHF rose to tactical highs. What's next?
Will the Canadian dollar strengthen?
Information is not investment advice
Canada will publish retail sales and core retail sales at 15:30 MT time on December 20. The headline indicator shows the change in the total value of sales at the retail level. The core one is generally the same, but without automobile sales due to their volatility. These indicators are important as they show the level of consumer spending in the country. The previously released data was positive for CAD bulls. While core retail sales advanced by 0.2%, the headline indicator fell, but the decline was smaller than the analysts’ expectations (-0.1% vs. -0.3% expected).
• If the releases are greater than analysts’ expectations, the CAD will rise;
• If the releases are weaker than analysts’ expectations, the CAD will fall.
Similar
Volatility for the EUR is coming
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
AUD is hopeful about the job data
Australia will publish the employment change and unemployment rate on February 18, at 02:30 MT time.
Popular
USD surged, gold dropped on Friday
Latest news and the technical analysis fo major pairs are here!
NVIDIA beat earnings forecasts!
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC may increase oil supply at meeting on March 4
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
Choose your payment system
