Canadian Retail Sales & CPI [Video]

Dukascopy Bank Team Dukascopy Bank SA

A couple of Loonie Dollar movers are on the agenda for this week’s final trading day, so let’s take a closer look. UK Public Sector Finances for September are out first at 8:30 in the morning. Borrowing excluding public sector banks was 6.8 billion pounds in August, which is the highest level for this month in two years. Then we have a couple of Loonie Dollar shakers at a half past noon GMT, including Consumer Price Index for September. The index slipped by one tenth of a percent month on month in August after jumping by a half a percent in July. Retail Sales stats for August will be available at the same time. Sales rose by point 3% to almost 51 billion Canadian Dollars in July on higher sales at food and beverage stores and gasoline stations. US Existing Home Sales for September wrap up this agenda at 2 PM GMT. Sales stood at 5.34 million in August with a median sales price of close to 265 thousand US Dollar. I’m Jack Everitt and that’s all for Friday’s Economic Calendar. Bye for now.

Author

Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

EUR/USD weakens as US jobs data trims Fed rate cut bets

The EUR/USD pair trades in negative territory for the third consecutive day near 1.1860 during the early European session on Thursday. Traders will keep an eye on the US weekly Initial Jobless Claims data. On Friday, the attention will shift to the US Consumer Price Index inflation report.

GBP/USD bullish outlook prevails above 1.3600, UK GDP data looms

The GBP/USD pair gains ground near 1.3635, snapping the two-day losing streak during the early European session on Thursday. The preliminary reading of UK Gross Domestic Product for the fourth quarter will be closely watched later on Thursday. The UK economy is estimated to grow 0.2% QoQ in Q4, versus 0.1% in Q1.

Gold remains on the defensive below two-week top; lacks bearish conviction amid mixed cues

Gold sticks to modest intraday losses through the Asian session on Thursday, though it lacks follow-through selling and remains close to a nearly two-week high, touched the previous day. The commodity currently trades above the $5,070 level, down just over 0.20% for the day, amid mixed cues.

UK GDP set to post weak growth as markets rise bets on March rate cut

Markets will be watching closely on Thursday, when the United Kingdom’s Office for National Statistics will release the advance estimate of Q4 Gross Domestic Product. If the data land in line with consensus, the UK economy would have continued to grow at an annualised pace of 1.2%, compared with 1.3% recorded the previous year.

The market trades the path not the past

The payroll number did not just beat. It reset the tone. 130,000 vs. 65,000 expected, with a 35,000 whisper. 79 of 80 economists leaning the wrong way. Unemployment and underemployment are edging lower. For all the statistical fog around birth-death adjustments and seasonal quirks, the core message was unmistakable. The labour market is not cracking.

XRP sell-off deepens amid weak retail interest, risk-off sentiment

Ripple (XRP) is edging lower around $1.36 at the time of writing on Wednesday, weighed down by low retail interest and macroeconomic uncertainty, which is accelerating risk-off sentiment.