12:30PM GMT: Statistics Canada will report on New Housing Price Index. This figure is reported on a monthly basis, and today’s data will be that of June 2016. This statistic is an index with base year 2007=100; it measures the average price of new residential houses. We expect the index to increase to 116 in June, up from 115.7 in May and up from 113 one year ago. If this statistic exceeds expectation, the CAD will appreciate.
12:30PM GMT: The U.S. Bureau of Labor Statistics will report on prices of Import and Export. These figures are reported on a monthly basis, and today’s data will be that of July 2016. Both statistics are index with base year 2000=100. The export index measure the price (in USD) of goods sold to foreign buyers, while the import index measures the price (in USD) of imported goods. We expect Export price to increase slightly to 121 from 120.9 in May, and Import price to decrease to 120.2 from 120.5. If these statistics exceed expectation, the USD should appreciate.
1:00PM GMT: The Russian Federal State Statistics Service will report on GDP Annual Growth Rate. This figure is reported on a monthly basis, and today’s data will be for the Q2 preliminary figure. This is a year-on-year statistic, which will measure how much GDP grew compared to a year ago. Q1 GDP contracted at -1.2%, and the market expects a slight improvement to a -0.7% contraction for Q2. If this statistic exceeds expectation, the RUB will appreciate
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(Share) 2016-08-10 Market Watch: Canadian Housing, US Import/Export Prices, Russian Growth Ra
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