06:00 German Producer Prices July (YoY)

Forecast: 1.2% Previous: 1.6%

Change in the price of goods sold by manufacturers. Itís a leading indicator of consumer inflation Ė when manufacturers charge more for goods the higher costs are usually passed on to the consumer.

12:30 CAD Consumer Price Index July (YoY)

Forecast: 1.6% Previous: 1.5%

Change in the price of goods and services purchased by consumers. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

13:55 USD University of Michigan Confidence August (Preliminary)

Forecast: 72.2 Previous: 72.3

Level of a composite index based on surveyed consumers. Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

Source: binaryoption