EURCAD Fundamental Analysis – April 22nd 2016

EURCAD Fundamental Analysis – April 22nd 2016

Written by: PaxForex analytics dept - Friday, 22 April 2016 0 comments

Here are the key factors to keep in mind today for Euro trades:

  • German Preliminary Markit PMI: The German Preliminary Markit Manufacturing PMI for April is predicted at 51.0. Forex traders can compare this to the first German Markit Manufacturing PMI for April which was reported at 50.7. The German Preliminary Markit Services PMI for April is predicted at 55.1. Forex traders can compare this to the first German Markit Services PMI for April which was reported at 55.1. The German Preliminary Markit Composite PMI for April is predicted at 54.2. Forex traders can compare this to the first German Markit Composite PMI for April which was reported at 54.0.
  • Eurozone Preliminary Markit PMI: The Eurozone Preliminary Markit Manufacturing PMI for April is predicted at 51.9. Forex traders can compare this to the first Eurozone Markit Manufacturing PMI for April which was reported at 51.6. The Eurozone Preliminary Markit Services PMI for April is predicted at 53.3. Forex traders can compare this to the first Eurozone Markit Services PMI for April which was reported at 53.1. The Eurozone Preliminary Markit Composite PMI for April is predicted at 53.3. Forex traders can compare this to the first Eurozone Markit Composite PMI for April which was reported at 53.1.

Here are the key factors to keep in mind today for Canadian Dollar trades:

  • Canadian Retail Sales: Canadian Retail Sales for February are predicted to decrease by 0.8% monthly. Forex traders can compare this to Canadian Retail Sales for January which increased by 2.1% monthly. Canadian Retail Sales Less Autos for February are predicted to decrease by 0.8% monthly. Forex traders can compare this to Canadian Retail Sales Less Autos for January which increased by 1.2% monthly.
  • Canadian CPI and Core CPI: The Canadian CPI for March is predicted to increase by 0.5% monthly and by 1.2% annualized. Forex traders can compare this to the Canadian CPI for February which increased by 0.2% monthly by 1.4% annualized. The Canadian Core CPI for March is predicted to increase by 0.4% monthly and by 1.7% annualized. Forex traders can compare this to the Canadian Core CPI for February which increased by 0.5% monthly by 1.9% annualized.

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