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Polish retail sales growth expected to slow
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Canadian retail sales seen increasing in July
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FED and ECB members to speak throughout the day
9:00 am BST - Poland, Retail sales for August. Data from Poland released earlier this week came in mixed. Employment was more or less in-line, wage growth was slightly better-than-expected while industrial production plummeted in spite of a forecasted increase. Retail sales figures for August are expected to show an increase of 6.5% YoY after 7.4% YoY previously.
1:30 pm BST - Canada, Retail sales for July. Canadian data released this week was mixed as well with CPI decelerating unexpectedly and ADP report showing bigger-than-expected increase in employment. CAD traders will be offered one more report this week - retail sales for July. Headline measure is expected to increase 0.6% MoM while core gauge should show 0.3% MoM advance.
Central bankers’ speeches
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10:00 am BST - ECB’s Rimsevics
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10:00 am BST - Norges Bank Governor Oystein
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1:15 pm BST - Fed’s Williams
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4:00 pm BST - ECB’s Visco
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4:20 pm BST - Fed’s Rosengren
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6:00 pm BST - Fed’s Kaplan
📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.
⬇️EURUSD below 1.15 following hawkish Fed
BREAKING: Fed’s Hawkish Hike Triggers Market Reversal: USD Soars as Gold and US500 Retreat