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Oil - US Crude
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  • 🇿🇦 Inflation Rate YoY (MAR) Actual: 3.2% Expected: 3.2% Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-04-21
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  • Heads Up:🇿🇦 Inflation Rate YoY (MAR) due at 08:00 GMT (15min) Expected: 3.2% Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-04-21
  • Heads Up:🇵🇱 Employment Growth YoY (MAR) due at 08:00 GMT (15min) Expected: -1.3% Previous: -1.7% https://www.dailyfx.com/economic-calendar#2021-04-21
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  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.76% Gold: 0.33% Oil - US Crude: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/vj2dFf16E2
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.19% 🇳🇿NZD: 0.12% 🇯🇵JPY: 0.07% 🇦🇺AUD: -0.04% 🇬🇧GBP: -0.05% 🇪🇺EUR: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/RYCSlw7ZWw
Greg's Trend of the Day - GBP/CAD

Greg's Trend of the Day - GBP/CAD

Gregory McLeod, Currency Analyst
On the back of strong Canadian employment data and the price of oil back above $70.00 a barrel, the CAD can do no wrong especially when the weaker U.K. economy is concerned. Mix in a strong downtrend that has gained momentum since July of this year and you have GBP/CAD making a new 9-month low. There is nothing fundamentally or technically stopping this pair from moving lower. Use a lower time frame like a 4-hour chart to find a good entry near resistance.

GBPCAD new 9month low

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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