Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Important indicators may affect the CAD
Canada will release CPI and trade balance data on April 17, at 15:30 MT time.
Consumer price index represents the change in the price of goods and services purchased by consumers. This is the most important inflation-related release. As for trade balance, it shows the difference in value between imported and exported goods. Last time CPI advanced by 0.7% (vs. expected 0.6%). At the same time, Canada's trade balance declined by $4.2 billion. If the actual figures are higher this time, the CAD will go up.
• If the actual levels of indicators are higher than the forecasts, the loonie will rise;
• If the actual levels of indicators are lower than the forecasts, the loonie will fall.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.