Upcoming Market Updates:

AUD: MI Leading Index m/m, it measures Change in the level of a composite index based on 9 economic indicators.

AUD: CPI q/q, it measures Change in the price of goods and services purchased by consumers.

AUD: CPI y/y, it measures Change in the price of goods and services purchased by consumers.

AUD: Trimmed Mean CPI q/q, it measures Change in the price of goods and services purchased by consumers, excluding the most volatile 30% of items.

NZD: Credit Card Spending y/y, it measures Change in total spending facilitated with a credit card.

GBP: PPI Input m/m, it measures Change in the price of goods and raw materials purchased by manufacturers.

GBP: PPI Output m/m, it measures Change in the price of goods sold by manufacturers.

CHF: Credit Suisse Economic Expectations, it measures Level of a diffusion index based on surveyed institutional investors and analysts.

EUR: German ifo Business Climate, it measures Level of a composite index based on surveyed manufacturers, builders, wholesalers, services, and retailers.

EUR: Belgian NBB Business Climate, it measures Level of a composite index based on surveyed manufacturers, builders, services, and trade-related firms.

CAD: BOC Monetary Policy Report, It provides valuable insight into the bank’s view of economic conditions and inflation – the key factors that will shape the future of monetary policy and influence their interest rate decisions.

CAD: BOC Rate Statement, It’s the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

CAD: Overnight Rate, it measures Interest rate at which major financial institutions borrow and lend overnight funds between themselves.

USD: Crude Oil Inventories, it measures Change in the number of barrels of crude oil held in inventory by commercial firms during the past week.

CAD: BOC Press Conference, It’s among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.