The beginning of the week has brought risk-on sentiment into the market after the continuation of trade talks between China and the US and positive figures of Chinese manufacturing PMI for March. Let’s see what else will impact on the market this week.
Tag - cad
The dovish Fed, the slowdown in Europe and Brexit were among the things that moved the market last week. Let’s look at this week’s opportunities.
The bank of Canada will make its monetary policy statement and announce the official rate on April 24, at 17:00 MT time.
Hottest events for this week!
The Bank of Canada will publish its monetary policy statement and make the rate announcement on May 29, at 17:00 MT.
Canadian inflation data, Fed Chairman Testifies and crude oil inventories figures are on the stage for today
Let's consider the key levels for oil and USD/CAD
Let's consider perspectives for USD/JPY and CAD/JPY.
What currencies to consider today
The trading action today will mostly be driven by the news and the sentiment…
Check the moves of GBP/JPY, EUR/USD and USD/CAD.
EUR/CAD tested 1.5040 yesterday but then closed below 1.50.