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  • Canadian Retail Sales Impressive, but It Doesn’t Matter: USD/CAD, WTI

    From forex.com

    Canada Retails Sales released earlier were the economic highlight of the day for the North American trading session, and the data was impressive! Retail Sales rose 1.1% vs an expectation of 0.2% and a previous number of 0.5%! Ex-Autos, the print was just as good, rising 1% vs 0.2% expected and 0.5% last. However, the data was for SEPTEMBER! It is almost December! With increasing coronavirus cases moving into the winter months, the focus will be on Q4 data and how the virus affects demand and price for Crude Oil. USD/CAD USD/CAD had been moving lower since the March highs after the pandemic hit, however, since August ... (full story)

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