Today we continue following the situation in the metals' market after the yellow metal broke 2 000…
Tag - cad - canadian dollar
If the market gets confirmation that Canadian economy is doing better than the US one, which had a very bad Q2, USD/CAD will suffer.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Gold is eyeing $2 000 and the EUR keeps rallying amid the weak US dollar. How to trade this week? What market events will drive the market? In this video, FBS analyst Kseniia Medik gives trade ideas for the current week.
The pair fell down on the weak US dollar and the positive Canadian data. What is the forecast?
NZD/CAD has reached a 200-week MA (0.8950) and formed a “shooting star” candlestick on the D1. On the H4, we see a lower high.
We are long used to see Forex as the USD's dominion. Is that going to change soon?
The market is waiting for the BOC rate statement...
What to expect from the Bank of Canada on Wednesday?
The Canadian central bank will announce interest rates and make a speech on Wednesday, July 15, at 17:00 MT time. Also, the BOC press conference will be later at 18:15 MT time.
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.