The Statistics Canada released Canadian CPI data that came out better-than-expected of 0.1% compare with the forecasted negative 0.4%.
According to Analysts at TD Securities: "Energy prices will exert a heavy drag with gasoline prices down another 7% on the month, although a large base effect and stronger core (ex. food & energy) prices will help keep inflation stable."
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| Historical Data Table: CPI m/m | Economic Calendar for 22.01.2019 | ||||||||
| Date | 17.08.2018 | 21.09.2018 | 19.10.2018 | 19.12.2018 | 18.01.2019 | 9:30 AM | UK Average Earnings Index 3m/y | ||
| Actual | 0.50% | 0.10% | -0.40% | -0.40% | 0.10% | 13:30 PM | CAD Manufacturing Sales m/m | ||
| Forecast | 0.10% | 0.10% | 0.10% | -0.40% | -0.40% | 21:45 PM | NZD CPI q/q | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 21.01.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.95439 | 0.95224 | -0.23% | AUD/CAD | 71.54% | 28.46% | |||
| CAD/CHF | 0.74852 | 0.75088 | 0.32% | CAD/CHF | 64.05% | 35.95% | |||
| EUR/CAD | 1.51333 | 1.50894 | -0.29% | EUR/CAD | 37.68% | 62.32% | |||
| USD/CAD | 1.32722 | 1.32349 | -0.28% | USD/CAD | 32.83% | 67.17% | |||