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Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

Market Awaits Canadian Inflation and US Industry Data

Published April 21, 2017
  • Data on Canadian inflation is set to be released at 8:30 AM EST today; readings will include month-on-month and year-on-year growth measures for core and total inflation
  • US Fed Member Neel Kashkari will speak today at 9:30 AM EST in St. Paul, Minnesota; analysts will look for further commentary on the US economy from Kashkari during the audience question period
  • The market will gain further insight into the US economy this morning from readings on US manufacturing & services purchasing manager indexes at 9:45 AM EST
  • Analysts will also interpret consumer sentiment with a data release on US existing home sales at 10:00 AM EST
  • US President Donald Trump will sign two executive orders relating to the financial industry during a visit to the Treasury Department later today
  • Oil prices remain mixed this morning as the market awaits the latest weekly US oil rig count from industry source Baker Hughes; WTI oil prices remain close to the psychologically important $50 support level