Important upcoming events and publications for April 24 (GMT):
08:00 German IFO business climate Index is a significant indicator for Germany and is able to influence the dynamics of the country’s stock markets and the euro. In March, the index grew from 98.7 to 99.6 (2005=100) and in April it is expected to continue to grow to 99.9. Impact on EUR: moderate.
14:00 Bank of Canada Overnight Rate may cause a surge of volatility in pairs with the Canadian dollar. It is expected that the rate stays unchanged and hints that the pause in raising the stakes may be delayed. The Bank of Canada press conference in 15:15 is also potentially capable of increasing market volatility. Impact on CAD: high.
14:30 U.S. Weekly Crude Oil Inventories may significantly affect the dynamics of oil. A decline in inventories is able to reflect the increased demand and return in focus to the issue of possible oil deficiency, further spurs the Crude price.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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