Pairs With Dollar (USD) And Pound (GBP) To Be Shaken Shortly!? Let’s Follow EURUSD, USDCAD And GBPUSD!| FXMAG.COM

Today US Core CPI and EIA Short-Term Energy Outlook are released, tomorrow it’s time to print UK CPI and the US PPI and crude oil inventories. What’s more, tomorrow’s afternoon Bank of Canada interest rate decision is released as well and many investors and economists await these announcement. It’s a very, very hot week as one day before holiday for many countries ECB interest rate decision goes public. It’s going to be a really tempting end of the working week!

Firstly, let’s see how has EUR/USD fluctuated recently

USD keeps going, yields are rising and the ECB decision is crucial considering next moves of the pair, as we have to wait longer for the next Fed’s announcement till the middle of May.

EURUSD Chart

EURUSD Chart

USDCAD – Bank of Canada to raise the interest rate?

As Investing.com predicts a rate hike, tightening of BoC’s monetary policy could help the Canadian dollar even if it’s quite strong right now even gaining in a long term. Monthly chart shows a noticeable strengthening of 1%. However, mentioned gain is a reduced value as a few days ago USD/CAD has been trading almost 3% lower.

USDCAD Chart

USDCAD Chart

GBPUSD – A Storm Incoming?

Daily chart shows a real volatility! GBP has strengthened and weakened few times already and the moves have become more dynamic recently as you see on the right hand side. The US CPI is released today and UK CPI and the US PPI go public on Wednesday so expect high volatility to persist and investors to change their minds really rapidly.

GBPUSD Chart