Canada CPI data, existing home sales, FOMC meeting minutes highlight the economic calendar

Read full post at forexlive.com

Canada CPI data will be released at the bottom of the hour. Expectations show:

• CPI MoM 0.1% versus -0.1% last month
• CPI YoY 3.2% versus 3.8% last month
• Core CPI MoM last month -0.1%
• Core CPI YoY last month at 2.8%
• Median CPI YoY estimate 3.6% versus 3.8% last month
• Trimmed CPI YoY estimate 3.6% versus 3.7% last month
• Common CPI YoY estimate 4.3% versus 4.4% last month

In the US, existing home sales will be released at 10 AM ET with estimate of 3.90M versus a 3.96M last month.

ECB’s Lagarde is expected to speak at 11 AM ET.

At 2 PM, the FOMC meeting minutes will be released.

After the close, Nvidia will report their earnings. Nvidia shares are up 244.94% on the back of being the leader in AI.