We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Mixed
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • The US Dollar weakened against ASEAN currencies like the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso. Ahead, Chinese GDP and US retail sales are eyed. Get your market update from @ddubrovskyFX here:https://t.co/fy366LmjDK https://t.co/4wFFibsNz2
  • Here is an atypical cross for those that just focus on the majors, but nevertheless worth following. $GBPNZD's 10-day ATR is at an extreme low level (lowest since Aug 2018). Suggests a higher risk of a break in the future https://t.co/gguiZrXUMW
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/12:00 AM GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here: https://t.co/Bb3CTCTm44 https://t.co/OtwK8uJohe
  • 🇰🇷 Unemployment Rate (JUN) Actual: 4.3% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-07-14
  • Heads Up:🇰🇷 Unemployment Rate (JUN) due at 23:00 GMT (15min) Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-07-14
  • The ASX 200 stock index looks poised for a reversal at key resistance as Australia-China trade tensions continue to escalate. Get your #ASX 200 market update from @DanielGMoss here:https://t.co/wiP4yPITa6 https://t.co/Zgc7ATjvbT
  • RT @DanielGMoss: Broad risk-on tilt seen early in #APAC trade The haven-associated $USD and $JPY plunging The trade-sensitive $AUDUSD an…
  • Market snapshot: US equity futures pointing higher early into Asia trade
  • Trump Press Briefing: - We will be ready to distribute vaccine when its ready. We are seeing promising signs.
  • President Trump signs Hong Kong sanctions bill targeting banks and ends special status agreement. "Hong Kong will now be treated the same as mainland China" $USDHKD
Canadian Dollar Gains after March CPI Slows down

Canadian Dollar Gains after March CPI Slows down

2013-04-19 13:14:00
Renee Mu, Currency Analyst
Share:

THE TAKEAWAY: [Canada’s Consumer Price Index in March Increased 1.0% on a yearly basis] > [Softened inflation is due to declines in gasoline prices] > [USDCAD Bearish]

Canada’s inflation softened in March as gasoline prices dropped. According to a report released by Statistics Canada today, Canada’s Consumer Price Index rose 1.0 percent from a year ago following a 1.2 percent gain in the previous month. The consensus estimate of economists polled by Bloomberg News had called for an increase of 1.1 percent. The core rate, which excluded eight volatile products, remained unchanged at 0.2 percent. On a monthly basis, the inflation rate in March was 0.2 percent following a 1.2 percent rise.

In specific, gasoline prices dropped 0.3 percent from a year ago, which was the key contributor to the CPI. According to a new economic outlook released on Wednesday, the Bank of Canada said that inflation is expected to stay below 2 percent target until second quarter of 2015.

USDCAD 1-minute Chart: April 19, 2013

Canadian_Dollar_Gains_after_March_CPI_Slows_down__body_Picture_1.png, Canadian Dollar Gains after March CPI Slows down

Chart created using Marketscope 2.0– Prepared by Renee Mu

In the minutes following the data release, the Canadian dollar rallied against the major currencies, with USDCAD falling 10 pips to C$1.0247. As the market gains confidence, the greenback trimmed declines after the report. At the time of this report was written, the USDCAD was trading higher at C$1.02519.

Want to see economic data releases directly on your charts? Try this App.

--- Written by Renee Mu DailyFX Research

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

DISCLOSURES

News & Analysis at your fingertips.