Weekly Forex report recap
The forex market was a wild ride this week, with some pairs seeing some serious action. The AUD/CAD pair is looking like it hit a bottom and is now setting its sights on two higher targets, with some strong fundamentals backing it up. Meanwhile, the EUR/USD pair was all over the place, tumbling in late trading but managing to print gains for the week overall. The USD/CAD pair managed to hit a 4-day peak after US NFP data was released, and the AUD/USD pair bounced back from some weekly lows after the US jobs report. As always, it’s anyone’s guess what will happen next in this volatile market.
Our weekly forex report picks
Major economic indicators are scheduled to be released in this weekly forex report, which will make for an eventful forex market. When the US releases its CPI y/y report, it is anticipated that inflation will have increased. The BOC Monetary Policy Report for Canada will be made public, and it may reveal the Bank’s position on interest rates. The FOMC Meeting Minutes will shed light on the most recent meeting discussions at the Federal Reserve. Last but not least, Australia will publish data on its employment change, which could affect the AUD. Investors should pay close attention to these reports because they may trigger significant changes in the market.
Â
Below you have a more detailed brief about each weekly fore report we’re keeping an eye.Â
USD CPI y/y
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
CAD BOC Monetary Policy Report
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
FOMC Meeting Minutes
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
AUD Employment Change
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
