What to expect from the market today? Know the market events that may have significant impact on markets.
This article is originally referred from EverFX News.
These are the releases that often drive significant movements for currencies, indices, commodities and more: tune in for surprises and the potential for new trends.
|15.30||Canadian Wholesale Sales (MoM) (Aug)||0.2%||1.5%|
The Wholesale Sales released by the Statistics Canada portrays the value of sales made by wholesalers in Canada.
It’s a leading indicator of consumer spending and an increase in number is seen as positive for the CAD whilst a decrease indicates a deflating retail sector with a negative impact for the currency.
|15.30||Chicago Fed National Activity Index (Sep)||–||–|
The Chicago Fed National Activity Index (CFNAI), released by the Federal Reserve Bank of Chicago, is a monthly index designed to measure overall economic activity and related inflationary pressure.
|18.30||6-Month Bill Auction||–||2.415%|
The calendar displays the average yield on the bills auctioned by US Department of Treasury.
The yield on the bills represents the return an investor will receive by holding the bond until maturity.
Investors monitor the yield volatility and compare the average rate at auction to the rate at previous auctions of the same security as an indicator of the government debt situation.
Original Source: EverFX News