Heavy volatility affecting the CAD in the coming hours and days.There will be some important announcements coming affecting the CAD/USD.
It would be hard to make a prediction at this point but a buy stop or sell stop on either side could be a good idea.
Time (April 16th) Country Event Importance
2 am (9 pm ET time) China GDP q/y High
2 am China Industrial Production y/y High
2 am China Fixed Asset Investment ytd Medium
12:30 pm US Building Permits High
12:30 pm Canada Foreign Securities Purchases Medium
12:30 pm US Housing Starts Medium
1:15 pm US Capacity Utilization Rate Medium
1:15 pm US Industrial Production Medium
2 pm Canada Bank of Canada Policy Report High
2 pm Canada Overnight rate High
2 pm Canada Rate Statement High
2:30 pm Oil Oil Inventories Medium
3:15 pm Canada BOC Press conferece High
4:15 pm US Fed Chair Yellen Speaks High
6 pm US Beige Book Medium
April 17th
12:30 pm Canada CPI (inflation) High
12:30 pm US Unemployment Claims High
2 pm US Philly Fed Manufacturing Index High
April 18th Easter Holidays! High
