IronFX Daily Commentary by Charalambos Pissouros | 25/04/2017
April 25, 2017 9:25 amVideo
Latest News
- Technical Analysis – USDJPY back in the 2023 bull run August 16, 2023
- Will Japan intervene to rescue the battered yen? – Special Report August 16, 2023
- GBP/USD: trading plan for the US session on August 16th (analysis of morning deals). Inflation remains a headache for the August 16, 2023
- EUR/USD: trading plan for the US session on August 16th (review of morning trades). The euro has slightly recovered August 16, 2023
- Gold back at $1,900 an ounce amid Fed’s fight against inflation August 16, 2023
- U.S. Dollar Index dynamics scenarios on August 16, 2023 August 16, 2023
- US premarket on August 16: US stock market continues to decline August 16, 2023
- GBP/USD: Is the Pound back on track? August 16, 2023
- Analysis and trading tips for GBP/USD on August 16 (US session) August 16, 2023
- Analysis and trading tips for EUR/USD on August 16 (US session) August 16, 2023
- EUR/USD. August 16th. The “bearish” trend persists and the market is waiting for GDP August 16, 2023
- Video market update for August 16, 2023 August 16, 2023
- GBP/USD. August 16th. Inflation in the UK is falling in line with forecasts August 16, 2023
- Forex forecast 08/16/2023 on NZD/USD, Crude Oil and USDX from Sebastian Seliga August 16, 2023
- Technical Analysis – Nvidia set to erase pullback, new record high in sight? August 16, 2023
- EUR/USD and GBP/USD: Trading plan for beginner traders on August 16, 2023 August 16, 2023
- Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, 16 August 2023. August 16, 2023
- Technical Analysis of Daily Price Movement of Crude Oil Commodity Asset, Wednesday August 16 2023. August 16, 2023
- GBP/USD trading plan for European session on August 16, 2023. COT report and overview of yesterday’s trades. Pound reacts August 16, 2023
- BTC update for August 16,.2023 – Key support at the $29.000 on the test August 16, 2023
CAD slips after US imposes tariffs on Canadian softwood lumber
• CAD tumbled against USD during the Asian morning Tuesday.
• The Trump administration announced it will impose a 20% tariff on Canadian softwood lumber as a response to “unfair” wood subsidies by Canada.
• This comes ahead of talks to renegotiate NAFTA during the summer, and could set the tone on how those negotiations play out (MXN may also lose out).
• Also, there’s a possibility that Canada retaliates with its own tariffs on US products.
Australia’s CPI data for Q1 in focus
• During the Asian morning Wednesday, Australia’s CPI data for Q1 are due out (01:30 GMT).
• Both the headline and the trimmed mean CPI rates are expected to have risen.
• This could diminish the likelihood for any RBA easing, and may prove cause for a more upbeat message by the Bank next week.
• Thus, AUD could gain on the news.
Today:
• US: CB consumer confidence for April and new home sales for March (both 12:30 GMT). Both figures are expected to have declined.
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