𝗚𝗲𝘁 𝗿𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘂𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗺𝗮𝗿𝗸𝗲𝘁 𝗲𝘃𝗲𝗻𝘁𝘀:
CAD CPI – April 20, 15:30 MT time.
NZD CPI – April 21, 01:45 MT time.
EUR German Flash Manufacturing PMI – April 21, 10:30 MT time.
Inflation in Canada is 5.7%, and it keeps going up. The Russian-Ukrainian conflict affects supplies of goods and commodities. But the high forecast has been pushing the CAD up since March 8. With high CPI, the CAD will continue the upward trend.
New Zealand’s CPI is an essential quarterly release. New Zealand is also suffering from rising prices. The inflation is 6.8%. Despite greater-than-expected releases, NZD continued to fall. If the upcoming CPI is high, the NZD is more likely to rise.
The sanctions against Russia have boosted energy prices in the EU. Inflation in Germany is at its highest level since reunification in 1990. The annual inflation in the Eurozone reached 7.5%. PMI is the crucial release that will most likely affect all EUR pairs. If it beats expectations, the EUR will rise.
