Weekly Forex Outlook: 07/04/2023 – US CPI data, Fed minutes, and BoC decision on investors’ radar
April 7, 2023 10:49 am
Next week starts on a quiet note as Monday is Easter Monday for most economies on our radar. That said, the calendar becomes heavier as the days pass by, with the spotlight probably falling on the US CPI numbers for March, the minutes from the latest FOMC gathering, and the BoC decision. The US data will constitute another piece of information in the riddle of whether the Fed should hit the hike button one last time in May, while the BoC decision may reveal whether Canadian officials will be the first ones to hit the cut button.
0:00 Intro 0:19 US Economy 1:26 CPI March Data 2:28 FOMC 3:28 US Dollar 3:46 Bank of Canada 5:06 Loonie
For more information on the topics discussed in this video, including detailed charts and tables, read the full Week Ahead article:
Risk Warning: 78.17%of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
Next week starts on a quiet note as Monday is Easter Monday for most economies on our radar. That said, the calendar becomes heavier as the days pass by, with the spotlight probably falling on the US CPI numbers for March, the minutes from the latest FOMC gathering, and the BoC decision. The US data will constitute another piece of information in the riddle of whether the Fed should hit the hike button one last time in May, while the BoC decision may reveal whether Canadian officials will be the first ones to hit the cut button.
0:00 Intro
0:19 US Economy
1:26 CPI March Data
2:28 FOMC
3:28 US Dollar
3:46 Bank of Canada
5:06 Loonie
For more information on the topics discussed in this video, including detailed charts and tables, read the full Week Ahead article:
https://www.xm.com/research/analysis/previews/xm/week-ahead-us-cpi-data-fed-minutes-and-boc-decision-on-investors-radar-177483
Risk Warning: 78.17%of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
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