THE CANADIAN IS IN FOCUS!
Dear traders,
Today, at 15:30 (Kiev) – there will be data on Canada, namely: the base retail sales index and the volume of retail sales.
The leading analyst of Ester A.Sivtsov writes:
“The base retail sales index is a measure of all sold goods of different types of retail trade except auto. This is an important indicator of consumer spending and the pace of economic development.
According to the forecast, the base retail sales index in September will grow by 1.0%, against the decline in August at the level of -0.7%. The volume of retail sales will grow in September by 0.9%, which is higher than the previous value at the level of -0.3%. The release of data within the forecast will support the Canadian currency. So, one should expect it to strengthen within 40-50 points against the competitors.”
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