USD/CAD: Canadian Retail Sales

Note: This section contains information in English only.
Source: Dukascopy Bank SA

The US Dollar appreciated against the Canadian Dollar, following the Canadian Retail Sales data release on Tuesday at 12:30 GMT. The USD/CAD exchange currency rate gained 13 pips or 0.10% right after the release. The Greenback continued trading at the 1.3115 level against the Canadian Dollar.

Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than expected of negative 0.2% compared with the forecast of 0.0%.

According to the official release: "Sales in the retail trade sector edged down 0.1% in August to $51.5 billion. Sales were down in six subsectors, representing 51% of retail trade. After removing the effects of price changes, retail sales in volume terms increased 0.2%."

Historical Data: Canadian Core Retail Sales m/m
Date22.05.1921.06.1923.08.1920.09.1922.10.19
Actual1.7%0.1%0.9%-0.1%-0.2%
Forecast0.8%0.6%-0.1%0.2%0.0%
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/CAD0.898310.898740.05%
CAD/CHF0.754550.754-0.07%
EUR/CAD1.458411.45920.05%
USD/CAD1.310091.310840.06%
Oct 22, 2019 Open Positions
PairLongsShorts
AUD/CAD54.1%45.9%
CAD/CHF65.9%34.1%
EUR/CAD74.3%25.7%
USD/CAD59.0%41.0%
Economic Calendar for Oct 24, 2019
GMTCurrencyEventForecastPrevious
07:15EURFrench Flash Services PMI51.651.1
07:30EURGerman Flash Manufacturing PMI42.041.7
12:45EURMain Refinancing Rate0.00%0.00%

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