Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
Time for Canadian dollar
Instruments to trade: USD/CAD, EUR/CAD, GBP/CAD
Canada's retail sales will be out on Friday at 15:30 MT time. The last report marked the fifth monthly increase in a row, and the first time actual retail sales come out better than the estimates: 1.1% vs. the forecast of 0.2%. These days USD/CAD is trading at its multiyear low levels driven by the weakness of USD. If this time Canada’s retail sales beat expectations again, the pair will fall even deeper. Follow the report and catch the market flow!
- If sales come out better than the forecasts, the CAD will surge.
- Otherwise – the CAD will drop.
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.