Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Another challenge for the EUR
The Business Climate Indicator will be announced at 12:00 MT on January 8.
The Business Climate Indicator is based on five parameters of business activity and accounting, reported by thousands of companies across the Eurozone. Hence, it gives a comprehensive view of the European manufacturing sector. This year, the BCI has been consistently decreasing month after month with a few exceptions to the overall declining trend. The releases of the last three months were negative, indicating very moderate expectations of the business sector. The November figure of -0.23 fell below the expected -0.14, putting the euro under additional pressure. If the same happens on January 8, EUR will likely drop.
- If the BCI falls below the forecasts, EUR will fall.
- If the BCI outperforms the forecasts, EUR will be supported.
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?