The prospects of CAD for today!
Dear traders,
Today, at 15:30 (Kiyv), there will be data on the retail sales index and the amount of retail sales in Canada.
Ester’s leading analyst A. Sivtsov writes:
“The base retail sales index is a measure of all sold goods of various types of retail trade other than auto.These indicators are important indicators of consumer spending and the pace of economic development.
According to the forecast, the base retail sales index in December will change by 0 , 0%, against the growth in November at 1.6% .The change in retail sales will be in December –0.1%, against the growth in the previous period at 0.2% . The release of data within the forecast will put pressure on Canadian currency, so one should expect its decline within 30-40 points.”
Also, recommended for reading the review of the pair USD/CAD for a week, from our partner and excellent analyst Andrew Green: “Noisy neighbor of the Canadian dollar, blessing or curse? Weekly review for the pair USD/CAD.”
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