Two picks from MUFG Research AUD/USD is up 41 pips to 0.7748 today. Recently, they suggested buying AUD/USD at 0.7620 with a target at 0.7895 and a stop at 0.7460. They’re reiterating the trade this week. “The trade idea has lost some upward momentum over the past week reflecting in part some concern that the
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
March US existing home sales from the National Association of Realtors Prior was 6.22m (revised to 6.24) Sales -3.7% m/m vs -1.8% expected (-6.6% prior) Supply to 2.1 months from 2.0 months Median home prices +17.2% y/y to $329,100 Full report US existing home sales have stumbled but that’s likely the fallout from tight supply
Canada March 2021 inflation data: Prior was +1.1% y/y CPI +0.5% m/m % vs +0.6% expected Prior m/m reading was 0.5% Core measures (y/y):    Median 2.1% vs 2.1% exp (prior 2.0%)    Common 1.5% vs 1.4% exp (prior 1.3%)    Trim 2.2% vs 2.0% exp (prior 1.9%) The headline is fractionally soft but the