Focus of the traded news from Erste News
Extremely low number of traded news for Erste News is expected this week.
Wednesday, 24.04
At 17:00 – CA BOC Interest Rate will be released. There will be a publication of the Bank of Canada meeting results, which is expected to maintain monetary policy unchanged, but previously published statistics on Canada indicates the possibility of revising expectations for the monetary policy of the Bank of Canada.
The technical picture of USD/CAD and EUR/CAD is very ambiguous. Especially in the fundamental USD/CAD, which maintains the lateral dynamics. On these news we should expect a test of the strength of this channel, if the Central Bank of Canada will go to the revision of monetary policy.
Friday 26.04
At 15:30 – US GDP Annualized will be released. The US GDP data have a significant impact on the market in case of deviation from the forecast. USD/JPY traded pair remains trapped in a flat. To exit this channel a significant changes in the US GDP will be required.
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