Monday, October 23rd, 2006 (8:30 am New York Time) CANADA
We have Retail Sales coming out of Canada. We have both the headline number and the core number coming out. Our focus will be the core number, which is the Retail Sales less autos. Retail Sales less autos is expected at 0.3%. If it comes out at 0.6% or higher, that would be good for the Canadian dollar, so I may possibly go short on USD/CAD. If the retail sales come out at 0% or negative, that would be bad for the Canadian dollar, so I may possibly go long on USD/CAD. If the headline number comes out conflicting, we may see a spike in the opposite direction for few quick seconds, but then the price should resume moving towards the core number.
Watch out fot this figures traders.
Regards All
We have Retail Sales coming out of Canada. We have both the headline number and the core number coming out. Our focus will be the core number, which is the Retail Sales less autos. Retail Sales less autos is expected at 0.3%. If it comes out at 0.6% or higher, that would be good for the Canadian dollar, so I may possibly go short on USD/CAD. If the retail sales come out at 0% or negative, that would be bad for the Canadian dollar, so I may possibly go long on USD/CAD. If the headline number comes out conflicting, we may see a spike in the opposite direction for few quick seconds, but then the price should resume moving towards the core number.
Watch out fot this figures traders.
Regards All