Market Focus

On Tuesday, 06/03/2018, the economic calendar will not be marked by a large number of significant news, but one should focus on the Business Activity Index (PMI) of Ivey Canada. The index measures the level of activity of purchasing managers in Canada and indicates prosperity in the industrial sector.

According to the forecast, in February the index will rise to 58.7, against 55.2 in the previous month. In the event of data release within the forecast, the Canadian will receive support, so one should expect the pair USD/CAD to fall within 30-40 points.

Alexander Sivtsov