3 key releases for your trading opportunities

In the week ahead, there are a lot of fundamental news that are looking forward to, events that will give volatility and the numerous trading opportunities that they create. Let’s take a look at our top 3 choices:

  1. 1. Tuesday sees that the US issued a building permit. This figure represents the annual number of new residential permits issued in the previous month, which are expected to reach 1.274 million people. This figure is considered as a measure of future construction costs, which has far-reaching implications for the economy as a whole.Better than expected, the issue is likely to lead to the strengthening of the US dollar, since this figure implies that the increase in spending is on the horizon. Conversely, worse than expected, the release will show a slowdown in terms of construction by consumers, which will weaken the dollar as the price of traders in the potential negative dynamics in the economy.
  2. 2. Thursday sees the output of the Australian Employment Change Indicator. The Reserve Bank of Australia (RBA), which decides on monetary policy for the country, is following this figure very closely, since it is considered an early indicator of health in labor markets, with data better than expected, which means that employment is improving and What can be expected to improve in the overall economy, as new jobs see an increase in spending and trust on the part of individuals. Worse than expected, the data have the opposite effect, which reduces AUD as a market price when consumer spending and confidence fall.
  3. 3. The Canadian consumer price index (q / q) should be on Friday and is considered the main indicator of consumer prices and how they changed relative to the last quarter. This figure, as a rule, has a big impact on the Canadian dollar, as it accounts for the bulk of the overall inflation in the economy with an increase / decrease in inflation signaling that the economy is heating / cooling, and at this point the central bank can choose Benefit Increase / decrease rates in an attempt to maintain its mandate for inflation. It is expected that Cad is higher than expected, strengthened, and worse than expected, it will see that Cad will weaken.