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Weekly Economic Calendar


April 22-26, 2024



Economic Focus This Week
Keep an eye on:

• US Treasury yields (2-year and 10-year) for signs of shifting investor sentiment.
• The US dollar index to gauge its strength.
• Energy markets, particularly oil prices, which could be impacted by Middle East tensions.

*For full Economic Calendar and AutoRebateForeX cash backs, check below:
https://autorebateforex.com/

 

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Market Analysis and Forecasts


April 23, 2024



USD/JPY:

• Technical analysis shows a potential breakout to the upside with a target of 155.80. Intervention by the Bank of Japan is a wildcard. Support at 154.25.
• Carry trade sentiment and a strong USD continue to put pressure on the yen.

*For full analysis and AutoRebateForeX cash backs, check below:
https://autorebateforex.com/market-news/market-analysis-and-forecast-for-april-23-2024/

 

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Market Analysis and Forecasts


April 25, 2024



CAD/USD:

• Canadian dollar dips after retail sales data disappoints.
• Resistance at 1.3701 and 1.3773, support at 1.3651 and 1.3579.
• Forecast: Neutral to slightly bearish. CAD/USD could trade sideways or potentially fall slightly on expectations of a rate cut from the Bank of Canada.

*For full analysis and AutoRebateForeX cash backs, check below:
https://autorebateforex.com/market-news/market-analysis-and-forecast-for-april-25-2024/