Canada’s inflation is expected to tick higher to 0% from -0.1% on a month-on-month basis [Video]

It’s Friday, August 18th, and here is this week’s edition of forex happy hour and market report for the final trading day of the week. We are expecting a relatively light Asian and London session for a change, after this week’s data dump from Australia and the UK. During the New York session, Canada will release their Consumer Price Index for July at 12:30 PM GMT. Canada’s inflation is expected to tick higher to 0% from -0.1% on a month-on-month basis, and to see a 0.2% gain on a year-on-year basis. Later U. of Michigan Confidence will be out at 2 PM GMT. This survey assesses consumer confidence regarding personal finances, business conditions and purchasing power based on hundreds of telephone surveys. This would end our trading week, perhaps with some volatility in the USD/CAD crosses. Thanks for watching, have a great weekend and come back for more from Capital Index and Invest Diva next week.

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