Today in forex news the Canadian Dollar CAD Consumer Price Index CPI was announced. The Canadian CPI rose 2.3% in the 12 months to May, following a 2.0% increase in April. After the CPI news the CAD strengthened on all pairs. Pairs like the CAD/CHF and CAD/JPY moved higher, since both pairs are trending up on the W1 time frame trend, they should continue higher next week.
SInce these uptrends should continue, we will look to set more trading plans on both pairs next week. The live forex trading signals you see below indicating the CAD strength are from The Forex Heatmap®, which provides buy and sell signals for 28 pairs. This trading system works to provide forex traders with live trading signals for 8 currencies, including after forex news drivers like Canadian Dollar CPI.
Forex News Canadian Consumer Price Index CPI