Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Inflation figures may boost the USD
The US will release the level of CPI and core CPI on July 11, at 15:30 MT time.
CPI stands for Consumer Price Index. It's one of the main measures of US inflation. There's a direct link between the US inflation and the price of the USD. The higher the inflation, the higher the USD in the short-term. The last time, American CPI came out in line with the forecasts. However, the core CPI reached a lower-than-expected level (0.1% vs. the forecast of 0.2%). The releases resulted in the mixed trading of the USD.
• If the data is greater than the forecast, the USD will rise.
• If the data is weaker than the forecast, the USD will go down.
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
US Core monthly retails sales will be announced on Friday at 15:30 MT time.