Volatility is Everywhere

Volatility is Everywhere

This day should be active, and traders are waiting for today’s Canadian CPI release at 15:30 GMT+3. The annual inflation is expected to be 4.8%, the same as last month. Monthly changes are expected to be-0.1% vs. -0.3% previously. Canadian dollar will surely be volatile.

Oil is shaking

Oil rose from a two-week low on fears that the latest European Union sanctions on Russian fuel could exacerbate market tensions. In addition, the Biden administration will announce a plan to release 15 million barrels of US emergency oil supplies on Wednesday to ease high gasoline prices. 

XBRUSD is continuing its short-term downtrend, decreasing between two trendlines. The price might fall to $88 soon. In case of reversal, the price may reach $90.50 and head to $95.30.

 XBRUSDH4news.png

Other important news to follow: 

  • Inflation in the UK turned out to be higher than expected. UK CPI year by year was 10.1%, the forecast was 10%, and the previous was 9.9%. GBPUSD is 1.1260. 
  • Apple announced plans of cutting production of the iPhone 14 Plus. After this news, Apple stock fell by 4%. 
  • Netflix reported an increase in subscribers and exceeded earnings expectations. Its stock is up by 15%.
  • Bitcoin and Ethereum fell amid news that the European Union is considering a bill to limit the mining of energy-intensive cryptocurrencies like Bitcoin. BTCSUSD is 19100.

 

Have a fantastic trading day! 

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