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USD/CAD: forecast for April 3-7
The most significant moves in USD/CAD may appear on Friday, as we will get a package of the US labor market data, Canadian employment change and unemployment rate releases.
This week we will see two CPIs, five PMIs, and a dozen statements from banks governors from all over the world. Why do you need to follow these releases? Because it is a perfect opportunity for markets to gain volatility and for you to earn on this volatility.
This week will bring us many interesting events for traders: inflation reports from the UK, Canada, and also PMI reports from the EU, UK, and the US. It will affect almost the entire Forex market. Watch the video to get fresh trade ideas for the week ahead!
The release of the US CPI on Wednesday will determine whether US500 continues its advance or reverses down. Tensions between the US and China boosted the demand for gold, but will it persist?
A lot of exciting events are happening this week, including nonfarm payrolls, BOE and RBA rate hikes, and earnings season.
The trading world is looking forward to the FOMC meeting on Wednesday! The rate hike is obvious…