EUR/CAD:FUNDAMENTAL ANALYSIS + HARMONIC PRICE ACTION ⚡️
The Final German CPI for August was reported flat at 0.0% monthly and increased 3.9% annualized. Economists predicted a flat reading of 0.0% and an increase of 3.9% annualized. Forex traders can compare this to the German CPI for July, which increased 0.9% monthly and 3.8% annualized. The Final EU Harmonized German CPI for August increased 0.1% monthly and 3.4% annualized. Economists predicted an increase of 0.1% and 3.4%. Forex traders can compare this to the EU Harmonized German CPI for July, which increased 0.5% monthly and 3.1% annualized.
French Industrial Production for July increased 0.3% monthly. Economists predicted an increase of 0.4%. Forex traders can compare this to French Industrial Production for June, which increased 0.6% monthly.
Spanish Industrial Production for July is predicted to increase by 5.9% annualized. Forex traders can compare this to Spanish Industrial Production for June, which increased 11.1% annualized. Italian Industrial Production for July is predicted to increase 0.1% monthly and 5.4% annualized. Forex traders can compare this to Italian Industrial Production for June, which increased 1.0% monthly and 13.9% annualized.
The Canadian Employment Report for August is predicted to show the creation of 100.0K jobs and an Unemployment Rate of 7.3%. Forex traders can compare this to the Canadian Employment Report for July, which showed the creation of 94.0K jobs, and an Unemployment Rate of 7.5%. The Participation Rate for August is predicted at 65.2%. Forex traders can compare this to the Participation Rate for July, reported at 65.2%.
The Canadian Capacity Utilization Rate for the second quarter is predicted at 81.2%. Forex traders can compare this to the Canadian Capacity Utilization Rate for the first quarter, reported at 81.7%.
The forecast for the EUR/CAD remains bearish after this currency pair failed to keep its uptrend alive following a lower high.
French Industrial Production for July increased 0.3% monthly. Economists predicted an increase of 0.4%. Forex traders can compare this to French Industrial Production for June, which increased 0.6% monthly.
Spanish Industrial Production for July is predicted to increase by 5.9% annualized. Forex traders can compare this to Spanish Industrial Production for June, which increased 11.1% annualized. Italian Industrial Production for July is predicted to increase 0.1% monthly and 5.4% annualized. Forex traders can compare this to Italian Industrial Production for June, which increased 1.0% monthly and 13.9% annualized.
The Canadian Employment Report for August is predicted to show the creation of 100.0K jobs and an Unemployment Rate of 7.3%. Forex traders can compare this to the Canadian Employment Report for July, which showed the creation of 94.0K jobs, and an Unemployment Rate of 7.5%. The Participation Rate for August is predicted at 65.2%. Forex traders can compare this to the Participation Rate for July, reported at 65.2%.
The Canadian Capacity Utilization Rate for the second quarter is predicted at 81.2%. Forex traders can compare this to the Canadian Capacity Utilization Rate for the first quarter, reported at 81.7%.
The forecast for the EUR/CAD remains bearish after this currency pair failed to keep its uptrend alive following a lower high.
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.