BREAKING: CAD strengthens after retail sales data from Canada

2:36 PM 19 November 2021

Canada retail sales data for September was released at 1:30 pm GMT.  Report turned out to be betterthan expected and caused some moves on the market. Highlights of the report:

• Headline: -0.6% MoM vs -1.7% MoM expected (2.1% MoM previous)

• Ex-autos: -0.2% MoM vs  -1.0% MoM expected (2.8% MoM previous)

USDCAD pair bounced off upper limit of the wedge formation which coincides with resistance at 1.2660 after today's data release and is heading towards support level at 1.2600. Source:xStation5  

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits