CPI data will hold no bearing on CAD, which is preoccupied with developments in oil and risk markets, in the opinion of strategists at TD Securities. Key quotes “TD looks for inflation to decelerate sharply in March with headline CPI slipping to 1.1% y/y (down 1.1pp from February), with risks tilted towards an even weaker print.” “We expect a similar deceleration in April before CPI bottoms out near 0% y/y in May. Even in a scenario where restrictions are rolled back in May we expect inflation to remain below 1% through Q3.” “We do not think that CPI will do much to alter the status-quo in CAD trading even if the data surprises on either side of expectations.” “We are focused on topside USD/CAD; 1.4350 is next major resistance, while 1.4150 should be interim support.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500: Don’t chase the bear market rally – Morgan Stanley FX Street 3 years CPI data will hold no bearing on CAD, which is preoccupied with developments in oil and risk markets, in the opinion of strategists at TD Securities. Key quotes “TD looks for inflation to decelerate sharply in March with headline CPI slipping to 1.1% y/y (down 1.1pp from February), with risks tilted towards an even weaker print.” “We expect a similar deceleration in April before CPI bottoms out near 0% y/y in May. Even in a scenario where restrictions are rolled back in May we expect inflation to remain below 1% through Q3.” “We do not think that CPI will do… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
