The Bank of England’s Monetary Policy Summary will be announced on Thursday at 14:00 MT time.
Trade the CAD on economic indicators
Canada will release CPI and Core Retail Sales data on October 19 at 15:30 MT time. Both indicators are highly important. As a result, they will affect the Canadian market a lot.
A new agreement between the US, Mexico and Canada were anticipated to support the CAD. However, the effect of the event didn’t last for a long time. The Canadian dollar is under big pressure as the USD strengthens again.
• If data are greater than forecasts, the CAD will rise.
• If data are weaker than forecasts, the CAD will fall.
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.