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- Canada Consumer Price Index (CPI) to Hold Above 2% Target for Eighth Consecutive Month. - Core Inflation to Climb Annualized 2.5% to Mark the Fastest Pace of Growth Since February 2012. Trading the News: Canada Consumer Price Index (CPI) A slowdown in Canada’s Consumer Price Index (CPI) may spur fresh monthly highs in USD/CAD especially as the Bank of Canada (BoC) remains reluctant to further normalize monetary policy. What’s Expected: ...
The U.K. unemployment rate fell less than expected in the August to October period, data from the Office for National Statistics showed Wednesday. The jobless rate fell to 6 percent during August to October, down from 6.2 percent seen in the May to July period. Economists had forecast a rate of 5.9 percent. During August to October, there were 1.96 million unemployed, 63,000 fewer than in the May to July period. This was ...
Trading the News: U. of Michigan Confidence Another uptick in the U. of Michigan Confidence survey may spur a further decline in the EUR/USD amid growing speculation for a Fed rate hike in mid-2015. What’s Expected: Why Is This Event Important: Positive data prints coming out of the U.S economy should continue to fuel interest rate expectations and heighten the bullish sentiment surrounding the greenback ...
- Will Seasonal Factors Spur Better-Than-Expected Retail Sales Report? Trading the News: U.S. Advance Retail Sales A pickup in Advance U.S. Retail Sales may generate short-term decline in EUR/USD as stronger consumption raises the growth and inflation outlook for the world’s largest economy. What’s Expected: Why Is This Event Important: Indeed, an ...
Trading the News: U.S. Non-Farm Payrolls The U.S. Non-Farm Payrolls (NFP) report may spark a bearish reaction in EUR/USD as market participants expected another 230K rise in employment paired with an uptick in wage growth. What’s Expected: Why Is This Event Important: A batch of positive developments may spark another near-term rally in the greenback especially as a growing number of Fed officials show ...
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