Market focus

On Wednesday, 24.04.2019, the economic calendar will reach a peak of news saturation, which will make the day very volatile.

With the opening of trading on Wednesday, market attention will be focused on inflation data in Australia. Despite the very modest expectations that demonstrate the slowdown in inflationary pressure in the first quarter, the overall dynamics of the Australian consumer price index remains within the limits of recent years.

At the European trading session, market attention will be focused on the business climate in Germany, which has recently continued to actively slow down, putting pressure on the single currency. The market will monitor to a greater extent whether the downward trend will be confirmed.

The US trading session is full of data on the Bank of Canada meeting results. Despite the fact that the April meeting of the Central Bank of Canada does not expect changes in monetary policy, the market will follow the tone of the Central Bank and its forecasts, which will affect the Canadian dollar significantly .

Hanzenko Anton