Previous Trading Days Events 22 Feb 2024

According to the reports yesterday, Canadas December retail sales slightly beat expectations as people spent more during the holidays but likely declined at the start of the year.

Retail sales grew by 0.9 in December from November, more than a forecast for a 0.8 gain, from a flat reading in November, which was upwardly revised from 0.2 previously

We continue to expect the Canadian economy to slow in the first half of this year as more households feel the impact of higher interest rates, said Tiago Figueiredo, an economist with Desjardins Group, in a note.

Source httpswww.wsj.comeconomyconsumerscanadaretailsalesrise09indecemberbutfallinjanuary5468c64b

Winners vs Losers

NZDUSD is leading with 1.39 gains for the week so far. The months highest gainer is EURJPY followed by AUDJPY with 2.65 and 2.56 gains respectively.

News Reports Monitor Previous Trading Day 22 Feb 2024

Server Time Timezone EEST UTC 0200

Midnight Night Session Asian

No significant announcements, no special scheduled releases. The day before, on the 21st Feb, after 2200 the U.S. indices surged. The SP 500 registered an alltime closing high on the 22nd Feb due to strong earnings Check Nvidia case and a blowout January employment report.

Morning Day Session European and N. American Session

PMI releases

Eurozone PMIs

The French economy in contraction with PMis improving. The downturn weakens noticeably. The private sector output levels…