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Canada is about to pepper the week with a bunch of reports!

Think you’re ready to trade the events?

Here’s what market geeks are expecting.

CPI reports (Aug 19, 1:30 pm GMT)

  • Annualized prices rose by 0.7% in June, the fastest since March 2011
  • Monthly headline and core retail sales figures also came in better-than-expected, which helped push CAD higher despite a risk-off trading environment
  • Monthly inflation is expected to slow down from 0.8% to 0.4%
  • Annual headline inflation to ease from 0.7% to 0.5%?
  • Annual core inflation to maintain its 1.1% growth

Retail sales (Aug 21, 1:30 pm GMT)

  • Monthly headline retail sales expected to accelerate from 18.7% to 24.5% in June
  • Core retail activity could also see faster growth (from 10.6% to 12.0%)

Market risk appetite

  • CAD could continue to take cues from crude oil prices, which dances to the tune of overall risk sentiment
  • Updates on coronavirus cases, stimulus plans, lockdown prospects, and vaccine progress will continue to have an impact on CAD’s prices

Technical snapshot

  • EMAs are showing CAD’s short and long-term downtrends against AUD, CHF, EUR, and GBP
  • CAD remains bullish against JPY, NZD, and USD
CAD Forex Pairs Stochastic from MarketMilk
CAD Forex Pairs Stochastic from MarketMilk
  • Stochastic considers the Loonie “overbought” against the Aussie, yen, Kiwi, and the dollar
CAD Forex Pairs EMAs from MarketMilk
CAD Forex Pairs EMAs from MarketMilk
  • The Loonie has been most volatile against the yen and its fellow comdolls in the last seven days
CAD Forex Pairs Volatility from MarketMilk
CAD Forex Pairs Volatility from MarketMilk

Missed last week’s price action? Read CAD’s price recap for August 10 – 14!