Big morning of data greets North American traders

<p>It will be a lively day in North America with a pair of top-tier economic indicators coming up at the bottom of the hour. The duo of US retail sales and Canadian CPI are coming up and will certainly be market movers.</p><p>Watch the 'retail control' line, which is expected up 0.3% but estimates stretch down to -0.1%, with BofA at the bottom of the list. That's notable because they use their own credit card data to help them forecast.</p><p>On the Canadian side, CPI is forecast up 0.3% m/m and 3.0% y/y. An undershoot on the y/y number into the 2s would trim the 23% chance of a hike that's priced in for the Sept 6 BOC meeting.</p><p>That won't be all today with reports also coming up on US industrial production and the NAHB home builder sentiment survey. The Fed remains in the blackout.</p><p>For more details, see the <a href="https://www.forexlive.com/EconomicCalendar" target="_blank" rel="follow">economic calendar</a>.</p>

This article was written by Adam Button at www.forexlive.com.