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Forex daily analysis forecast

forex daily analysis forecast

form, I agree to receive relevant marketing materials by phone or email. The new Fed forecast projects GDP growth.1, down from.3 in December. An annual level.5 was recorded in February. Lower,.3265 was the high point in mid-November. The Fed also announced that it would stop reducing its 4 trillion balance sheet by 50 billion a month. The US data is in the limelight in the last week of March. At the same time, the Brexit crisis and slow progress in the.S-China trade talks are weighing on risk sentiment, which could hurt the Canadian dollar. I am neutral on USD/CAD, the Fed will almost certainly hold interest rates at this weeks meeting. The economy has contracted.1 for two successive months, and another decline could push the Canadian currency lower. Core inflation is lower and has not budged much.

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forex daily analysis forecast

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We will now get the data for February. Euro-zone inflation : Friday, 9:00. The first release of US GDP came out late, at the time of the second release. Canadas trade deficit ballooned.6 billion in January, much higher than the estimate.4 billion. Canada releases this event on a monthly basis. This missed the estimate.4 and marked a third straight decline.