Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
The CAD falls on the weaker-than-expected retail figures
The level of retail sales released today came out lower than the forecasts. The headline indicator declined by 0.1% (vs. +0.3% expected), while its core level fell by 0.3% (vs. +0.3% expected). The news weakened the Canadian dollar significantly. On H4, USD/CAD tested the highs above the strong 1.3091 level. The next resistance lies at 1.3132. If bears get stronger, they will pull the pair lower to the support at 1.3078 (100-period SMA). The next support will lie at 1.3048.
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Trading on geopolitics on March 14-18
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Monday started with volatility
Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.
Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
