The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
US CPI will drive the USD
The US will release headline and core CPI at 15:30 MT time on October 11. CPI stands for Consumer Price Index. It’s one of the main measures of the 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 rose less than expected (0.2% versus the forecast of 0.3%). The data release was on September 13. The USD declined versus many major currencies after the release.
• 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.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 15:45 MT time.
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.