Tomorrow 08-19-09 at 7:00 AM ET, 4 Canadian economic reports are scheduled to be released. These are:
CAD Core Consumer Price Index MoM
CAD Consumer Price Index YoY
CAD Bank Consumer Price Index Core MoM
CAD Bank Consumer Price Index Core YoY
The Core Consumer Price Index MoM appears to have the greatest impact on the FOREX market.
All 4 reports are released by Statistics Canada
The last time these reports were released was on Friday 07-17-09 at 7:00 AM ET and was set up as follows.
CAD Consumer Price Index (MoM) Stats
previous = 0.4%
forecast = 0.0%
actual = 0.0%
Since the “actual” report came out as “forecast”, none of the six currency pairs I monitored for these reports had any action.
Tomorrows reports are set up as follows:
CAD Consumer Price Index (MoM) Stats
previous = 0.0%
forecast = 0.1%
The “forecast” shows a potential improvement in the Canadian economy, not much though. However, if the “actual” comes out say 0.2% to 0.4% above or below the “forecast” watch the USD/CAD currency pair.
I will post a follow up of this report soon after.
Stay tuned!
