mardi 17 mars 2015
USD/CAD: Trading the Canadian Wholesale Sales
Posted on 14:52 by nice news
Canadian Wholesale Sales is an important indicator of consumer spending. A reading which is better than the market forecast is bullish for the Canadian dollar.
Here are all the details, and 5 possible outcomes for USD/CAD.
Published on Wednesday at 12:30 GMT.
Indicator Background
Canadian Wholesale Sales measures the total amount of sales in the wholesale sector, and an increase in the indicator points to stronger consumer spending, a key component of economic growth.
Wholesale Sales rebounded sharply in December, posting an excellent gain of 2.5%. This crushed the estimate of 0.4%. The markets are bracing for a strong downturn in the January report, with an estimate of -0.7%.
Here are all the details, and 5 possible outcomes for USD/CAD.
Published on Wednesday at 12:30 GMT.
Indicator Background
Canadian Wholesale Sales measures the total amount of sales in the wholesale sector, and an increase in the indicator points to stronger consumer spending, a key component of economic growth.
Wholesale Sales rebounded sharply in December, posting an excellent gain of 2.5%. This crushed the estimate of 0.4%. The markets are bracing for a strong downturn in the January report, with an estimate of -0.7%.
USD/CAD: Trading the Canadian Wholesale Sales
Categories: USD/CAD: Trading the Canadian Wholesale Sales
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