On Tuesday 09-22-09 at 8:30 AM ET, two Canadian reports will be released
CAD Retails Sales MoM
CAD Core Retail Sales MoM
I posted a “preview” of last months reports on Sunday 08-23-09, click here for a review.
And a “follow up” post on Wednesday 08-26-09, click here for a review.
Both reports are forecast to be less than the last months reports. Resulting perhaps, in a decline in the Canadian economy.
Canada’s “Statistics Canada” release these monthly reports.
It appears that the “Retail Sales” report has a little more impact for traders than the “Core Retail Sales“.
Here is the set up tomorrow for the “Retail Sales” reports:
CAD – Retail Sales MoM stats
Previous = 1.0%
Forecast = 0.5%
CAD – Core Retail Sales MoM stats
Previous = 1.0%
Forecast = 0.1%
If both reports come out in the same direction and are greater than the “forecast”, either positive or negative by say 1.5% or more, the market should have a good move over time.
Last month I did a trade of the GBP/CAD currency pair, it was a small win, I had originally planned to trade the USD/CAD pair – but for some reason changed my mind.
The USD/CAD currency pair was the better pair to trade – this time….I will probably be setting up to trade the currency pair USD/CAD.
I will be writing a “follow up” post to these reports soon after their release.
The next release for these 2 reports is scheduled for Thursday 10-22-09 at 8:30AM ET.
Some times a reports scheduling can be changed.
Anyway, I will probably be writing a “preview” post for next months reports.
Stay tuned!
