Preview – CAD – Retail Sales MoM and Core Retail Sales MoM reports PLUS

On Tuesday 10-22-09 at 8:30 AM ET, two Canadian reports will be released

CAD Retails Sales MoM
CAD Core Retail Sales MoM

Canada’s “Statistics Canada”  release these monthly reports.

And,

USD Initial Jobless Claims along with the
USD Continuing Claims reports

United States “Department of Labor” release these reports weekly.

Since both the Canadian and USA reports have an impact on the currency markets, it may be a little tricky doing a trade.

Most early days/months, I would set up to trade the CAD involved currency pairs, but now I am more interested in USA Jobless Claims – so I will figure to trade the EUR/USD.

Here is the set up tomorrow for the CAD “Retail Sales” reports:

CAD – Retail Sales MoM stats
Previous = -0.6%

Forecast = 0.2%

USD – Initial Jobless Claims stats
Previous = 514K

Forecast = 516K

I will be writing a “follow up” post to these reports soon after their release.

Stay tuned!

This entry was written by shark, posted on October 21, 2009 at 3:18 pm, filed under Employment Economics, Monetary Influence and tagged , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

One Trackback

  1. By Follow up – CAD – Retail Sales MoM and Core Retail Sales MoM reports PLUS - The Fundamental FOREX Blog on October 23, 2009 at 9:21 am

    [...] did a “preview” post on Wednesday, 10-21-09, click here for a [...]

Post a Comment

Your email is never shared. Required fields are marked *

*
*