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The forex trading week starts slowly, with Canadian Retail Sales standing out in the summer heat. Let’s see what’s on the menu today:

Australia starts the day and the week with  New Motor Vehicle Sales. They rose nicely by 5.7% last time. Will it continue?

For more on the Australian dollar, read the AUD/USD Outlook.

In Europe,  Industrial New Orders have disappointed for many months. Expectations are high again, this time for a rise of 1.7%. For more on the Euro, read the EUR/USD Outlook.

In Canada, Retail Sales should have a serious impact on the loonie. Retail Sales aren’t expected to change, while Core Retail Sales are predicted to rise by only 0.2%. These low expectations can be met with a surprise, helping the Canadian dollar.

For more on USD/CAD, read the Canadian Dollar Outlook.

That’s it for today. Don’t worry, the next days contain interesting figures…