The market awaits NFP
Tag - cad - canadian dollar
The release of the US and Canadian data at 15:30 MT time will bring substantial volatility to the pair.
If you want to stay updated with the most important events and news, then this video is for you!
The beginning of the week has brought risk-on sentiment into the market after the continuation of trade talks between China and the US and positive figures of Chinese manufacturing PMI for March. Let’s see what else will impact on the market this week.
As long as the price stays below 1.3370, the near-term focus will be on the 100-day MA at 1.3310.
The British pound and the Canadian dollar are expected to make some good moves today. Look at GBP/USD and USD/CAD
There's a 'Hammer' pattern, which led to the current upward price movement. In this case, we should watch the nearest resistance...
The level of GDP growth for Canada will be published at 14:30 MT time.
GBP/CAD has been trying to break above the 200-week MA at 1.7735 for 4 weeks.
It looks like CAD/JPY formed a “Head and shoulders” pattern. The pattern may not look very pretty but it has all the required elements.
The dovish Fed, the slowdown in Europe and Brexit were among the things that moved the market last week. Let’s look at this week’s opportunities.
Pay attention to the EUR/CAD and USD/CAD today!