Forex Signals Brief for April 18: Inflation Expected to Slow in Canada Too
Skerdian Meta • 2 min read
Yeterday’s Market Wrap
Today’s Market Expectations
Today started with the monetary policy meeting minutes from the RBA, followed with a round of data from China. The GDP showed an improvement in Q1, while industrial production and retail sales increased, showing that the Chinese economy is improving and that is positive for risk assets. The average earnings index showed a slowdown in the UK a while ago which will weigh on the GBP, while later we have the consumer inflation numbers from Canada.
Forex Signals Update
Yesterday there was enough volatility and we opened 8 trading signals, with six of them reaching the targets. Most markets continued followed Friday’s price action, with the USD advncing higher and we ad several winning signals in Gold and Forex, although we had two losing Bitcoin signals as cryptocurrencies retreated.