EUR/CAD is trading around 1.4312 after ending the previous session at 1.4251 (up 0.43%) .
A good end to the trading week, after ending the previous week at 1.4251, EUR/CAD went up to 1.4372 only to drop back to midpoint range and now trades at 1.4312. (Trade EUR/CAD with FXTM now).
EUR/CAD's green move takes place amid mixed market indicators — Canada Core Retail Sales fall short of the 1.3% projections, with 1.1% and continued its downward trajectory from previous figure of 1.3%. Euro Zone Consumer Price Index matches expectations with new data release of 5%. This is also a step forward from the previous data of 4.9%. Canada Core Consumer Prices is released with a new figure of 0%, this is down from preceding data of 0.6%.
At the same time, data for Canada Manufacturing Sales (MoM) was released today at 1:30 PM suggests a downwards trend with 0.8, while previous data was 2.6. Euro Zone Manufacturing PMI beats expectations of 57.5 with new data release of 59. This is also a step forward from the previous data of 58.
Outlook for rest of the week: The market is looking forward to the release of new data: Germany Business Climate Index figure is projected at 94.7. It previously stood at 94.7; data will be released tomorrow at 9:00 AM. Canada Interest Rate is expected Wednesday. Canada BoC Monetary Policy Report scheduled to come out Wednesday.