CA Retail Sales - Core [m/m]
A good report for Canadian retail sales. It is one of the key indicators for the Bank of Canada as the report characterizes the willingness of the population of the country to spend money. Sometimes it is published not alone but in a pair. Watch out for neighboring releases at the same time.
Features of the publication
How to trade CA Retail Sales - Core [m/m]
If the data is higher than the forecast, then USDCAD falls as CAD is on the right.
The CA Retail Sales - core (M/M) data as well as CA Retail Sales (M/M) are published. The attention of markets is directed to the core indicator as it is deprived of seasonal fluctuations and unnecessary volatility. Of course, the entire package of data shows a good deviation of the fact of the news from its forecast, the movements will be stronger in such cases.
It would be a good idea to check the pair's reaction history before trading and especially to pay attention to whether there are its neighbors at the time of its release since the indicator is often published simultaneously with the Consumer Price Index (CPI), which can cause movement conflicts.
