Date | Time | Country | Event |
05-Feb | 0700 | DE | Trade Balance |
05-Feb | 1000 | EU | PPI |
06-Feb | 0700 | DE | Manufacturing Orders |
06-Feb | 0830 | EU | S&P Global Final Eurozone Construction PMI |
06-Feb | 0900 | IT | ISTAT Business/Consumer Confidence |
06-Feb | 0900 | EU | ECB Consumer Expectations Survey |
06-Feb | 1000 | EU | Retail Sales |
07-Feb | 0700 | DE | Industrial Production |
07-Feb | 0745 | FR | Foreign Trade |
07-Feb | 0800 | ES | Industrial Production |
07-Feb | 0900 | IT | Retail Sales |
08-Feb | 1530 | EU | ECB's Lane at Brookings Institution |
09-Feb | 0700 | DE | HICP (f) |
09-Feb | 0900 | IT | Industrial Production |
09-Feb | 1415 | EU | ECB's Cipollone speaks at Assiom Forex Annual Congress |
10-Feb | 0900 | EU | The ECB Podcast on future euro banknotes |
12-Feb | 0945 | EU | ECB's Lane at conference on statistics post pandemic |
12-Feb | 1315 | EU | ECB's Lane participates in 'post-pandemic' roundtable |
12-Feb | 1550 | EU | ECB's Cipollone participates in panel on Euro@25 |
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The broader USDCAD trend outlook remains bearish, and with the Friday rally sold, focus could again turn lower. The 50-day EMA resistance above at 1.3469 has held, keeping the over-arching downtrend intact. The pair last week cleared a bear trigger at 1.3480, the Dec 4 low. Furthermore, all key short-term retracement points have been breached. On any return lower, sights are on 1.3093, the Jul 14 low and a key support.