Date | Time | Country | Event |
28-Aug | 0900 | EU | M3 |
29-Aug | 0700 | DE | GFK Consumer Climate |
29-Aug | 0745 | FR | Consumer Sentiment |
30-Aug | 0630 | DE | North Rhine Westphalia CPI |
30-Aug | 0800 | ES | HICP (p) |
30-Aug | 0900 | IT | ISTAT Business / Consumer Confidence |
30-Aug | 0900 | DE | Bavaria CPI |
30-Aug | 1000 | EU | EZ Economic Sentiment Indicator |
30-Aug | 1000 | DE | Saxony CPI |
30-Aug | 1300 | DE | HICP (p) |
31-Aug | 0700 | DE | Retail Sales / Import/Export Prices |
31-Aug | 0745 | FR | HICP (p) / PPI / GDP (f) / Consumer Spending |
31-Aug | 0855 | DE | Unemployment |
31-Aug | 1000 | EU | HICP (p) / Unemployment |
31-Aug | 1000 | IT | HICP (p) |
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USDCAD remains in consolidation mode and is trading above key support at 1.3093, the Jul 14 low. Moving average studies continue to highlight a dominant downtrend. A break of 1.3093 would confirm a resumption of the medium-term bear cycle. This would open 1.3084 and 1.3032, Fibonacci projection points. On the upside, clearance of the 50-day EMA, at 1.3288, is required to highlight a possible short-term reversal.
AUDUSD traded sharply lower Friday, extending the reversal from Thursday’s 0.6821 high. The move down reinforces a bearish theme and note that the pair is trading below both the 20- and 50-day EMAs. This signals scope for weakness towards the next key support at 0.6596, the Jun 29 low. On the upside, key short-term resistance has been defined at 0.6821, where a break is required to reinstate a bullish theme.