Weekly Sentiment Paper Distributed by: One Financial

For the Week of: 08/24 through 08/30 Written by: Andrei Wogen
Email: anewr8@gmail.com
Week in Review 1
Australian Dollar 2
New Zealand Dollar 3
Japanese Yen 5
China Renminbi; Onshore, Yuan 7
Euro Area: Euro 9
British Pound 11
Canadian Dollar 13
United States Dollar 14
Emerging Markets 17
Upcoming Data for the Week 18
Week in Review
UK CPI falls more than expected putting less pressure on the BoE going forward even as.
.the Bank of England meeting minutes showed two of its members dissenting and voting to
raise rates during their most previous meeting; rate hikes are getting closerthough
concerns remain among the majority still
US CPI comes in at; markets happy that ination seems to be contained right now
FOMC Meeting Minutes show a more hawkish stance than expected; USD rises in response
China Manufacturing PMI comes in lower than expected raising expectations of a rate cut
coming from the PBoC
Yellen at Jackson Hole reiterating current stance on economy and jobs market and rates; USD
rises in response
Draghi at Jackson Hole sounds a bit more optimistic...condent in measures implemented in
June will help and that low ination is due to temporary factors
Australian Dollar
Main Longer-Term Themes
Neutral RBA that wants to do nothing with rates at this time; now sees rates at
current levels as the appropriate place to foster growth
China economy that continues to show weakness
An Australian currency that, according to the RBA, is high by historical standards
domestic economy that is weak in some sectors while strong in others
risks surrounding the latest Australian budget
Recent cut in the carbon tax that is expected to lower ination going forward
mining investment that continues to be weak and is expected to be weaker
falling commodity prices
low risk environment providing support for higher yielding assets, including AUD
Consumer Condence that has recently began to rise after bottoming after the
current budget was released
CFTC net long positions increased by 7K
Main Themes of Last Week
CB leading indicator coming in above previous readings; six of the seven sub-
indicators higher
RBA Gov. Stevens speech shows an overall neutral tone with a bit more jawboning
of the currency
Westpac leading index lower than previous
RBA meeting minutes pretty much the same as previous minutes; sees Q2 growth
below trend while also continuing to voice their concerns about the high AUD value
Price Action and Order Flow of the AUD During Previous Week: vs. the USD, it rose
about 10 pips. Versus the JPY it rose about 150 pips for the week and versus the NZD it gained
about 120 pips.
Overall Sentiment at the End of Last Week: the overall neutral sentiment was reinforced
to the positive side as domestic events were carried few negative surprises and AUD gained
overall, including in new long positions taken.
The Week Ahead and Other Thoughts: this week, things continue to be quiet on the data
front. Focus could though likely shift to Q2 GDP coming next week which will be a key
indicator of the health of the Australian economy and will help along or dash expectations of a
rate cut coming from the RBA. The market currently is pricing in about a 50% chance of a rate
cut by the RBA within one year. But this week, we will have Construction work done number
on Tuesday and then HIA New Home sales and Private Capital Expenditures on Wednesday.
Overall though, should be a pretty quiet week out of Australia.
Looking at the charts for the week, AUD/USD has bids at 0.92300 and then offers reside at
0.93200 and then again in larger size at 0.93400. In AUD/NZD bids remain strong at 1.1050 and
then again at 1.100 while offers are strong above at around the 1.11000 level. In AUD/JPY offers
are at about the 96.90 level with bids at about the 96.50 level. AUD/JPY seems to have broken a
medium-term level of resistance with room to run to the upside.
New Zealand Dollar
Main Longer-Term Themes
Increasing immigration
housing and construction boom that is continuing though is now showing some
weakness
rate hike cycle beginning from the RBNZ but that is now on pause through at least
December.maybe longer
recent and current NZD weakness due to domestic weakness and international
developments helping to push the currency lower, mainly stronger US data and
geopolitical risks
RBNZ that is currently on hold after rising rates consistently since March of this
year; also sees the NZD as too high and has recently mentioned intervention and also
continues to be bullish on the economy and continues to see ination risks
dairy prices continuing their fall
some falling business activity and consumer spending within the country as
growth seems to possibly be leveling off some
Main Themes of Last Week
RBNZ Ination expectations fall for the third quarter
PPI for Q2 in lower than expected and in negative territory
Visitor Arrivals climb as do migration levels; climbing migration levels will likely
give the RBNZ one of the reasons in needs to hike rates
Milk prices fall but not as much as previous; seems the fall in milk prices might be
leveling off now
CFTC net long position cut by 1K
Price Action and Order Flow of the NZD During Previous Week: vs. the USD it fell
about 80 pips and vs. the JPY it closed about 50 pips higher.
Overall Sentiment at the End of Last Week: the overall neutral sentiment was slightly
reinforced to the downside this week as data overall was negative and the Kiwi ended mixed
versus its peers for the week.
The Week Ahead and Other Thoughts: Data this week is thin. Trade balance data for July
is on Monday while ANZ Business Condence numbers will be released on Wednesday. On
Thursday, Building Permits data will be released which will be interesting to see the future
health of the real estate market in New Zealand. Recently, concerns have been surfacing of a
slowdown beginning in the housing market in New Zealand and so continued strong building
permits data should help ease these concerns. Other than that, there is nothing else of interest.
Next weeks milk auction will garner some interest but leading up to that there is little from
New Zealand to really give the NZD any sort of big moves.
As for the charts, NZD/USD has bids at the 0.83400 level and offers reside at the 0.84300 level
and then again around the 0.84600 level with even larger ones that will likely come into play at
about the 0.85000 level. NZD/JPY has bids at 87.050 and then again at 86.300 while offers in
decent size reside between the 87.500 and the 87.600 level.
Japanese Yen
Main Longer-Term Themes
expectations that the economy will be able to continue to grow even after the
recent tax hike though these expectations are waning now as data continues to show
some weakness
the BoJ that is overall optimistic on future economic growth in Japan though has
continues to voice concerns about the continued weakness in exports as well as recently
voicing concerns about the drop off in consumption post-tax-hike; and they will
continue to implement their QE until ination reaches their 2% target
government policy changes that are slow to materialize and be implemented
growing expectations that the BoJ will not increase their QE program as early as
expected though with a weaker looking economy now these expectations are increasing
continued on and off of risk on as geopolitical events continue to be a background
(and this week, foreground) theme for the markets (Ukraine/Russia, Iraq, Israel)
weak Japan export sector that seems to be still continuing to be weak overall,
regardless of expectations that this sector would improve
Main Themes of Last Week
Trade Balance data not as negative as previous; exports and imports surprise to the
upside though, both encouraging things but really not sign yet of a reversal of the recent
export weakness in my opinion
All Industry Activity index lower than expected and previous and continues to be
in negative territory
Manufacturing index higher than expected and previous showing strength in this
sector of the economy
Machine tool orders higher than previous
CFTC short positions increased by 6K
Price Action and Order Flow of the JPY During Previous Week: vs. the USD it fell about
160 pips, versus the EUR it fell about 57 pips; versus the GBP it gained about 95 pips and versus
the CAD it fell about 93 pips.
Overall Sentiment at the End of Last Week: the overall sentiment that is neutral to
negative was reinforced on the negative side as developments elsewhere helped push the Yen
lower and bets for more QE coming from the BoJ are increasing.
The Week Ahead and Other Thoughts: This week, CPI data for July, released on Tuesday,
will be the important data to watch. Though, since the BoJ continues to be committed to their
QE program, unless ination rises or falls by a signicant amount, ination as it is right now
will not cause the BoJ to change course especially since it is still a full 0.7% lower than their 2%
target when taking out the effects of the April tax hike. Things to watch then from Japan will be
in terms of how the economy is performing. This week therefore, Industrial Production and
Retail Trade data on Tuesday will be released. Weakness has been seen lately in the industrial
sector so a rebound will be looked for. On Wednesday, nal reading of Nomura/JMMA
Manufacturing index will be released while on Thursday Annualized Housing starts and
Housing Start will be released as well as Construction orders.
Looking at the charts, CAD/JPY bids reside at about the 94.500 level and offers reside at the
95.10 level. GBP/JPY has bids at 171.60 and then again at around the 170.600 level while offers
reside strongly at the 172.600 level. In EUR/JPY bids reside at 137.300 with more down around
the 136.750 level while offers reside strongly at about the 138.00 level where there is an option
barrier as well. And in USD/JPY offers reside at 104.200 with more that will likely come into
play at around the multi-month high of 105.43 while bids reside at 103.50.
China Renminbi; Onshore, Yuan
Main Longer-Term Themes
property market that is quite strong and considered by some to be near
bubble territory
a government that is pushing through reforms to reform the overall
economy (moving to a freer, more market controlled economy) but that are
expected to slow growth going forward
PBoC that continues to initiate two-way action in the Yuan exchange rate;
also is reluctant to push through any more policy easing measures at this point
Expectations gaining of a rate cut coming from the PBoC soon
weak manufacturing sector
services sector that now looks weaker
consumer demand that seems to be doing okay after a slow start to the year
though not very strong yet
weak economic conditions overall that may or not be turning a corner and
getting better...hard to tell at this point
Chinese govt that is pushing through targeted reforms and stimulus (cut in
the reserve ratio for certain rural banks, target infrastructure projects, etc.); these
stimulus measures seem to be having their intended effect as the economy in
China seems to be improving after a slump during the beginning of the year
Chinese govt that is targeting corruption cases, trying to deal with
corruption that is rampant throughout the economy and government
Ination that remains weak
Main Themes of Last Week
HSBC Manufacturing PMI lower than expected but still above the expansion level
of 50 for third straight month
Expectations rising now of a rate cut coming from the PBoC as manufacturing
continues to remain weak, real estate prices continue to fall and loan growth seems to
have weakened
Two banks in China releases their quarterly results; both show a rise in the amount
of non-performing loans.could be a sign of what is to come?
House price climb slows
Foreign Direct investment falls into negative territory for June
Price Action and Order Flow of the CNY During Previous Week: the Yuan fell versus
the USD this week by 4 pips, reversing a downtrend that has lasted since about the beginning of
June.
Overall Sentiment at the End of Last Week overall sentiment of the Yuan remains in
neutral to slightly positive territory and this week the neutral side was reinforced as domestic
data disappointed and the Yuan gained slightly, about 26 pips, versus the USD.
The Week Ahead and Other Thoughts: This week, the only data will be CB Leading
Economic Index data for July; a small and insignicant piece of data overall. However, my focus
will be increasingly on more news of additional banks showing an increase (or decrease) of non-
performing loans that are present on their balance sheets. A continued rise in this number
overall and the China bears will come out to play again especially those who are worried about
their property market, including myself.
Euro Area: Euro
Main Longer-Term Themes
economy that continues to remain weak though with some improvements
across different sectors and regions of the Euro Area beginning to show but
mostly weak overall with expectations of lower growth going forward
a dovish to neutral central bank; that is expected will ease further in a
coming meeting, likely by initiating ABS purchases
a strong currency that seems to now be willing to fall though there are still
some underlying drivers helping to prop it up...mainly emerging market central
banks rotating out of USD and into other currencies, especially the Euro, as they
build up their reserves again as well as continued debt buying of euro zone
countries
geopolitical risks from Russia/Ukraine tensions that continue to linger in
the background and that are causing some weaker growth in some areas of the
Euro Zone due to sanctions
peripheral country bond yields that continue to fall in a hunt for yield as
well as due to worries about future Euro Zone growth
Bond yields across the Euro Zone continuing to fall; 2-year German Bund
falling into negative territory a couple of weeks ago and 10-year continues to hit
all-time lows this week reaching below 1% for the rst time ever for a brief time
high unemployment; though this seems to be falling slowly now
weak ination across the Euro Area
Main Themes of Last Week
Euro Zone Trade balance data better than expected
German PPI lower than expected and in negative territory for m/m data
Euro Zone Construction output lower than previous and in negative territory
France and Euro Zone Manufacturing PMI lower than expected
Euro Zone Composite and Services PMI both lower than expected
German Manufacturing Services and Manufacturing PMI better than expected
giving an encouraging sign of future German growth
Euro Zone Consumer Condence lower than expected
Draghi speech at Jackson holesounds a bit more optimistic...condent in
measures implemented in June will help and that low ination is due to
temporary factors
CFTC net short positions increased by 13K
Price Action and Order Flow of the EUR During Previous Week: vs. the USD price it fell
about 150 pips for the week and versus the AUD it fell about 165 pips.
Overall Sentiment at the End of Last Week: the overall neutral sentiment I have changed
this week to ofcially NEGATIVE sentiment in the wake of continued weak data, but also more
importantly, a Euro currency that seems to have (nally) broken down and seems to want to
continue its move lower now.
The Week Ahead and Other Thoughts: This week, it is a full one for data. Starting on
Monday, German IFO Business Climate and Current Assessment numbers are due which has
some decent downside risk, in my opinion. On Tuesday, Prelim German CPI numbers will be
due and which will be used to price in expectations for the CPI release later in the week. Then
on Thursday, German Unemployment data from August will be released as well as Euro Zone
Money Supply and Spains HICP number and Portugal and Belgiums CPI numbers. Then on
Friday, Euro Zone CPI numbers will be released and will be paid attention to, as usual. Any
lower ination numbers and the ECB will have to ease sooner rather than later in order to avoid
complete and prolonged deation along with stunted growth.
Charts this week show EUR/AUD offers at about the 1.43500 level while bids reside at about
the 1.41100 level and then again near the multi-month low of 1.40499. EUR/USD bids reside just
above the 1.3200 level, where an option barrier resides at as well while offers reside at 1.33300
and then again at the 1.34500 level.
British Pound
Main Longer-Term Themes
economy that continues to improve though lately has been showing some
weakness though this was, in part, expected
neutral central bank that is increasingly becoming more hawkish, but very
slowly
expectations that have been scaled back some in terms of when the BoE will
raise rates; but expectations still remain overall for beginning of next year
a strong housing market that has been a concern by the BoE and UK govt
in the past...whether it is slowing or not is hard to tell right now
Scottish independence vote in the background right now; will increase in
importance as a something to watch as the September 18th vote approaches
recent lending restrictions and other small restrictions for lending to help
tame the housing market though prices continue to rise
Pound Sterling currency that has turned more negative now; market seems
to have gotten ahead of itself some in its expectations for BoE rate hikes.this is
being reected in the GBP right now
Weak wage growth
Overall strong employment sector though room for improvement remains
Weak export sector being driven mainly by a stronger Pound
Main Themes of Last Week
BoE meeting minutes show Weale and McCafferty dissenting and voting for a rate
hike, due to the reasons: fall in unemployment and survey evidence of tightening in the
labor market could lead to a pick up in wage growth, erosion of spare capacity could
likely remain rapid, policy would remain supportive even after a 25bps hike, and
delaying a Bank rate increase might increase the risk associated with the rst hike
However, the majority still cautious in raising rates due to low ination and spare
capacity remaining in the economy, among other things
UK CPI lower than expected falling even more into negative territory for m/m
data
PPI lower than expected
Retail Sales data lower than expected showing a slowing in consumer demand
however ex. Fuel m/m was a bit higher so may not be so bad after all
10-year bond auction shows still lower yields
CFTC data that increased by 6K
Price Action and Order Flow of the GBP During Previous Week: vs. the USD it fell
about 160 pips and versus the CAD it fell about 82 pips.
Overall Sentiment at the End of Last Week: the overall neutral sentiment was reinforced
to the negative side more this week as the central bank pushed back the timing of rate hikes into
next year (according to most analysts) and domestic data was weaker and the GBP fell against
most of its major peers.
The Week Ahead and Other Thoughts: Data this week is pretty thin. We will have M4
Money Supply, Mortgage Approvals, Net Lending to Individuals and GfK Consumer
Condence all on Wednesday and Nationwide Housing price data on Thursday and then Total
Business Investment on Friday. The two data sets of interest this week for me will be Total
Business Investment and House price data. With the majority of the BoE still seeing slack in the
economy, and business investment being part of that, any higher that this number goes and the
members will very likely be rethinking their assessment sooner than they thought however if
business investment remains weak or falls from here, the majority within the BoE that does raise
rates will continue to have the upper hand for a while. The second piece of data, the
Nationwide price house data, will be of interest too as the housing market continues to remain
strong and prices continue to climb higher with no real good sign of retreating yet.
Looking at the charts, GBP/CAD has bids at about the 1.81200 level and then again at 1.8090
while offers reside at 1.82400 with more at 1.82600. GBP/USD has bids at 1.6550 and offers at
1.6600 and then again at the 1.66800 level.
Canadian Dollar
Main Longer-Term Themes
economy that is weak in certain sectors but also strong in some sectors,
particularly the housing sector
a dovish central bank
a relatively mixed to slightly positive Canadian Dollar
mixed to slightly positive US economy that is gaining strength
strong housing market
limited domestic demand and limited pent-up domestic demand
Slow employment and wage growth
CPI that has recently risen closer to the BoCs target
Main Themes of Last Week
Wholesale Sales lower than expected and previous
CPI lower than expected giving credence to what the BoC has stated before about
the CPI...that it is just noise
Retail sales higher for July both headline and core
CFTC net long cut by 11K; a sizable drop
Price Action and Order Flow of the CAD During Previous Week: vs. the USD it closed
about 65 pips lower.
Overall Sentiment at the End of Last Week: the overall mixed to negative sentiment was
reinforced on the negative side as key CPI data cut signicantly any expectations of a future
BoC rate hike coming due to improved economic conditions due to a more robust US economy.
The Week Ahead and Other Thoughts: Little data out of Canada too this week (notice
the theme here?). GDP on Friday for June will be the most important piece of data for the
currency. Overall, growth has been okay month-over-month since the beginning of the year so
will be interesting to see if this continues going forward. There is a good chance it will given the
USs continued good growth and this could leave the BoC in a bit of a conundrum in terms of
what they decide to do with rates going forward. The Other data from Canada that is minor is
Raw Material Price index and Industrial Product Price also on Friday and Current Account data
on Thursday.
As for the charts, USD/CAD bids are at about the 1.09200 level while offers reside at 1.09600
and then again in larger quantity at about the 1.099000 level.
United States Dollar
Main Longer-Term Themes
economy that is mixed though now improving from a very weak rst part
of the year though concerns remain
housing market that seems to be doing better now...maybe
a neutral US Fed that seems to be now turing increasingly hawkish though
they still see problems remain
expectations for a rate hike that is mixed but generally expected by the
middle of 2015
Yields on US debt that continue to fall, though this has been blamed on
continued geopolitical risk that continues in the background
Fed tapering their QE program; plans on ending in October of this year
with a nal $15B taper
A weak government that is doing little to help support and grow the
economy
Main Themes of Last Week
Overall a positive week on the data front.
NAHB Housing market index higher than expected
Building Permits higher than expected and previous showing a brighter future for
the real estate sector of the country
CPI comes in pretty much as expected with only m/m Core CPI falling just a tad;
markets seemed happy though that ination remains contained at this point near the
Feds target level
Housing starts higher than expected
Redbook a little lower than previous
MBA Mortgage Apps. Higher than previous week
Initial Jobless claims lower than expected, once again falling below 300K
Manufacturing PMI higher than expected
CB Leading indicator higher than expected
Existing home sales much higher than expected
Philly Fed Manufacturing better than expected
FOMC meeting minutes show a more hawkish slant with some feeling that a
relatively prompt move in terms of raising rates is warranted, most see downside risks
to ination as diminished and many FOMC members felt the characterization of
signicant labor market slack may have to change before long; however overall the
majority still want to see more evidence of a strong economy through the data before
raising rates
Yellen at Jackson Hole gives pretty much the same speech as she has given before;
still unclear on the degree of slack in the labor market and how quickly it will disappear;
QE will be nished in October; slower progress on goals may delay rate increase; sees
room for wage increases that do not boost ination; tightening policy too soon as
ination moves towards 2% might prevent labor market from fully recovering; emphasis
shifting to determining what labor conditions would bring about less accommodation;
so overall a less dovish tone from Yellen and so the USD was bought
Overall the Fed is moving closer to a rate hike, if ever so slowly but in a more
determined way
Price Action and Order Flow of the USD During Previous Week: Versus the PLN it
closed about 400 pips higher. Versus the MXN it closed 650 pips higher and versus the TRY it
rose about 130 pips.
Overall Sentiment at the End of Last Week: the overall mixed to slightly positive
sentiment was reinforced on the positive side due to domestic data that continues to show an
improving economy and due to a more hawkish Fed. Sentiment in my opinion is moving closer
and closer to positive. The main thing I want to see is a more hawkish Fed; one that is not so
hesitant in calling things as they are and more easily acknowledging the progress made in the
US economy.
The Week Ahead and Other Thoughts: This week, we will get a second reading on the
second quarter GDP number on Thursday. Expectations are looking a bit bearish at this point.
Since the Fed is now focused on the data so much, and in some ways even more than before,
GDP will be a key for the Fed in determining when and how much to raise rates. Other data of
importance will be Durable Goods orders, which plays a pivotal role in future growth numbers.
This will be released on Tuesday. Also on Tuesday, Consumer Condence will be released which
could take a hit due to geopolitical events and continued weak wage numbers. The next
important data for next week, and maybe the most important, is the PCE number on Friday.
This number is a main focus of Yellen and has recently begun to rise overall and if this continues
to rise, this could be another sign of things to come in terms of rate hikes. We also will have
Services PMI, New Home Sales change and Composite PMI data numbers. Housing data will be
of particular interest as the housing market, after cooling over the summer months, seems to be
doing better now. Other data will be Personal consumption expenditures and Initial Jobless
claims and Pending Home sales on Thursday. Once again, minus the GDP also being released
on Thursday, the Pending Home sales will be of interest giving more indication of the health of
the US housing market. Focus will continue to be on the Fed and how soon it seems they will
raise rates and data release results will play a pivotal role in helping the markets determine
when and how much the rate hikes will be.
Emerging Markets
Main Longer-Term Themes
Russia/Ukraine conict
Sanctions against Russia and against the West and US from Russia putting growth
expectations on the downside
Weak growth in Eastern Europe due to Russian/Ukraine conict
Continued conict in Iraq
Weak growth and government troubles in certain emerging markets (Thailand,
Brazil, Argentina)
Expectations of reforms that will come soon and continue to come from certain
countries: India, Mexico, Indonesia
Weak economic conditions in many emerging market economies
Expectations of lower investment and growth in many of these emerging markets
as the US raises rates, pushing money out of the emerging markets and back to the US
Main Themes of Last Week
Things were doing well in Ukraine at the beginning of the week but.
By the end of the week reports came that a sizable portion of Russias aid convoy
Argentina continues its ght with US courts over its debt yet the Argentina debt
market remains resilient
Overall Sentiment at the End of Last Week: the overall mixed to negative for all the
emerging market was reinforced last week as both government and political events continued
to get worse.
The Week Ahead and Other Thoughts: This week, focus will continue to be on Ukraine,
Russia and Iraq. After reports of Russian aid convoy trucks entering Ukraine without
permission, things seem to be escalating yet again. Focus will also be on a meeting coming up
between Ukraines President Petro Poroshenko and Russian President Vladimir Putin. This
could escalate or de-escalate things very quickly.
Upcoming Data for the Week
(Eastern US Time Zone)
Country Release Date Time Exp. Prev.
USD New Home Sales 08/25 10am 0.426M 0.406M
NZD Trade Balance y/y 08/25 6:45pm $1.2B
USD Durable Goods Orders 08/26 9am 7.4% 1.7%
USD Consumer Condence 08/26 10am 89.1 90.9
AUD HiA New Home Sales m/m (July) 08/27 9pm 1.2%
GBP Nationwide House Prices y/y (Aug) 08/28 2am 10.6%
EUR German Unemployment Rate (Aug) 08/28 3:55am 6.7%
EUR German Unemployment Change (Aug) 08/28 3:55am -6K -12K
EUR EZ Consumer Sentiment 08/28 5am -8.4
EUR German CPI m/m 08/28 8am 0% 0.3%
EUR German CPI y/y 08/28 8am 0.8%
EUR German CPI Harmonizzed y/y 08/28 8am 0.8%
USD Core Personal Consumption Expenditures q/q 08/28 8:30am 1.2%
USD GDP Q2 08/28 8:30am 2% -2.1%
USD Initial Jobless Claims 08/28 8:30am 299K 298K
JPY National CPI y/y 08/28 7:30pm 3.6%
JPY National Core CPI y/y 08/28 7:30pm 3.3%
JPY Unemployment Rate (July) 08/28 7:30pm 3.7%
JPY Industrial Production y/y 08/28 7:50pm 3.1%
Country Release Date Time Exp. Prev.
EUR EZ CPI y/y (Aug) 08/29 5am 0.1% 0.4%
EUR EZ Core CPI y/y 08/29 5am 0.8% 0.8%
USD Core Personal Consumption Expenditures Price
Index y/y
08/30 8:30am 1.6%
USD Core Personal Consumption Expenditures Price
Index m/m
08/30 8:30am 0.1% 0.2%
CAD GDP Q2 q/q 08/30 8:30am 1.2%
CAD GDP m/m 08/30 8:30am 0.3% 0.4%
USD UoM Consumer Sentiment (Aug) 08/30 9:55am 80.4 81.8