Pippo

Welcome to a brand new week, month, and quarter in trading! We’ve got no less than the highly-anticipated NFP release, as well as flash CPI readings from the eurozone and a handful of FOMC speeches.

The lack of top-tier data releases & a slow news cycle had FX traders moving mostly sideways & sticking to central bank and inflation developments.

A shortened week lead to low volatility & unusual price action as all of the major assets were net green at the Thursday close relative to the Monday open. 

Most majors are stuck in consolidation recently, as some markets are closed for the Easter holidays. Can EUR/USD still pull off a breakout soon, though?

Heads up! The Fed’s preferred inflation measure is up for release soon. Can this reinforce their relatively upbeat outlook?

USD/CAD looks ready to break a resistance area ahead of Canada’s GDP release! Can CAD bulls turn things around in the next trading sessions?

Australia’s latest inflation report signaled the CPI growth rate held steady  at 3.4% y/y in February, holding at that rate for three months now

AUD/USD is flirting with a support zone ahead of Australia’s retail sales release! Will AUD see enough demand to hit higher areas of interest?

Did the Canadian economy hit the ground running when it comes to economic growth this year? Or was it off to a slow start in January? Here’s what you need to know about the GDP release.

Can February’s inflation data encourage more hawkish biases from RBA members? Here’s what the markets are expecting from the event!