The Bank of Canada will publish a rate statement and an update on the interest rate on September 9, at 17:00 MT time.
Will the Canadian monthly CPI boost the CAD?
Canadian monthly CPI is announced on Wednesday at 15:30 MT time.
Instruments to trade: USD/CAD, NZD/CAD, GBP/CAD, CAD/JPY
April’s CPI in Canada plunged to -0.2% in April after a step down to 0.9% the month before. Before, an average of 2% was a commonly expected price level. Now, all hopes are on the May release: observers are looking for signs of recovery in the Canadian economy, and the increase in the level of prices would indicate that things are improving. The market will be careful with setting its estimates for the coming release hence even a slight difference into the positive zone will make this indicator boost the CAD in the short-term.
- If the CPI shows improvements, the CAD will rise.
- If the CPI is depressive, the CAD will fall.
Canada will announce the Canadian retail sales and core retail sales on August 21, at 15:30 MT time
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.