Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaCanada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2. They are indicators of economic activity that show the change in the value of sales at the retail level. The main difference between the headline and core indicators is that the latter excludes automobile sales.
They are the measures of consumer spending, which account for most overall economic activity. It brings volatility to the Canadian dollar that you can trade against other currencies.
Last time, the Canadian dollar inched higher after retail sales outperformed expectations with -0.6% versus the forecast of -1.6%.
It’s easy! Just compare the actual data with the forecasts which appear a few days before the report in the economic calendar.
Instruments to trade: USD/CAD, CAD/JPY, CAD/CHF
