Economic calendar: CAD traders wait for retail sales data

7:45 AM 20 August 2021

European markets seen opening slightly lower
Canadian retail sales at 1:30 pm BST
Earnings from Deere and Foot Locker

Futures markets point to a slightly lower opening of the European session. Following a downbeat Asian session, moods are mixed and there are no major data releases scheduled for today that could change it. FOMC minutes created some buzz in the markets and uncertainty may prevail for a week - until Friday, August 27 when Fed Chair Powell delivers his speech in Jackson Hole.

Canadian retail sales reading in the early afternoon may be a chance for CAD to regain some ground after the recent slide. Foot Locker and Deere will report Q2 earnings ahead of Wall Street session open.

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9:00 am BST - Poland, retail sales for July. Expected: 9.0% YoY. Previous 13.0% YoY

1:30 pm BST - Canada, retail sales for June.

Headline. Expected: 4.4% MoM. Previous: -2.1% MoM
Ex-autos. Expected: 4.6% MoM. Previous: -2.0% MoM

US earnings reports

Deere & Co (DE.US) - before market open
Foot Locker (FL.US) - before market open

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