Just like EUR/AUD, EUR/CAD has soared during the period since February 20. There’s a chance that the pair will follow the path of EUR/AUD after the BOC meeting.
Tag - cad - canadian dollar
The BOC rate statement will be published at 17:00 MT time on March 4.
Will the measures by the central banks be enough to move the markets?
Coronavirus risks continue spreading. What the next week has for us?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
Check the key levels for EUR/USD, USD/CAD and AUD/USD in the video.
NFP is a driver of the day! Check levels for EUR/USD, GBP/USD, USD/JPY, and USD/CAD.
China reported it is ready to cut the trade-war tariffs imposed on some goods imported from the US by 50%. Let's check whether market sentiment improved.
Trade Balance data will affect the USD and the CAD. Check levels for USD/CAD, USD/JPY, EUR/USD, and XAU/USD.
New Zealand jobs data is out today at 23:45 MT time. Check how you can benefit from this release in your trade.
Last month was mostly driven by market sentiment. The beginning of January was highlighted by the geopolitical crisis between the US and Iran. After the markets calmed down, the coronavirus that appeared at the end of 2019 spread causing depreciation of the risky assets and appreciation of the refuge assets.
US ISM Manufacturing PMI release will have an impact on the USD. Comments on the FTA between the UK and the EU are anticipated during the day.