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March 16, 2023
EUR/CAD today at a glance: after closing the previous trading day at 1.4552, EUR/CAD is up to 1.458, which makes for a move of 0.19%/27 pips today. Euro Zone ECB President Lagarde speech is next today at 15:15 UTC.
Here is the technical analysis of EUR/CAD before macro data is released:
As the markets get ready for more data to be released — after ending yesterday's session at 1.3512, USD/SGD lost 40 pips and is trading around 1.3472. USD/JPY is down to 132.67, losing 68 pips, after closing at 133.35 in the preceding trading session. USD/CHF is trading around 0.9293 (down 34 pips).
Coming up for EUR/CAD — Euro Zone Consumer Price Index figure is projected at 8.5%. It previously stood at 8.5%; data will be released tomorrow at 10:00 UTC. Euro Zone ECB President Lagarde speech set for today at 15:15 UTC.
The currency pair has been trending positively for about a month. As things stand, EUR/CAD is 1.53% away from a significant high of 1.4778, first set 4 days ago.
