The volatile week ends with important speeches and the Canadian employment figures among other events. Let’s see what’s awaiting us today:
Federal Reserve Chairman Ben Bernanke will speak in Washington about the economic policy and can move the dollar during the Asian session.
In Europe, German Trade Balance is expected to rise from 8.7 to 11.5 billion. French Industrial Production is expected to rise by 0.4%, much slower than last month’s rise.
The beaten Euro might also move by a speech from Jean-Claude Trichet, which will talk in Milan towards the end of the day.
In Britain, PPI Input is expected to rise by 1.2%, a leap when comparing last month’s rise. Also note PPI Output which will probably rise by 0.4%.
For more on the Pound, read the GBP/USD forecast.
USD/CAD parity looks distant once again. The important employment figures have a chance of bringing the pair back there. Canadian Employment Change is expected to show a rise of 25,200 jobs, while the Unemployment Rate will probably remain unchanged at 8.2%.
For more on the loonie, read the USD/CAD forecast.
That’s it for today. Happy forex trading!
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