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.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
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