EUR/CAD:FUNDAMENTAL ANALYSIS + HARMONIC PRICE ACTION ⚡️

The Final German CPI for August was reported flat at 0.0% monthly and increased 3.9% annualized. Economists predicted a flat reading of 0.0% and an increase of 3.9% annualized. Forex traders can compare this to the German CPI for July, which increased 0.9% monthly and 3.8% annualized. The Final EU Harmonized German CPI for August increased 0.1% monthly and 3.4% annualized. Economists predicted an increase of 0.1% and 3.4%. Forex traders can compare this to the EU Harmonized German CPI for July, which increased 0.5% monthly and 3.1% annualized.

French Industrial Production for July increased 0.3% monthly. Economists predicted an increase of 0.4%. Forex traders can compare this to French Industrial Production for June, which increased 0.6% monthly.

Spanish Industrial Production for July is predicted to increase by 5.9% annualized. Forex traders can compare this to Spanish Industrial Production for June, which increased 11.1% annualized. Italian Industrial Production for July is predicted to increase 0.1% monthly and 5.4% annualized. Forex traders can compare this to Italian Industrial Production for June, which increased 1.0% monthly and 13.9% annualized.

The Canadian Employment Report for August is predicted to show the creation of 100.0K jobs and an Unemployment Rate of 7.3%. Forex traders can compare this to the Canadian Employment Report for July, which showed the creation of 94.0K jobs, and an Unemployment Rate of 7.5%. The Participation Rate for August is predicted at 65.2%. Forex traders can compare this to the Participation Rate for July, reported at 65.2%.

The Canadian Capacity Utilization Rate for the second quarter is predicted at 81.2%. Forex traders can compare this to the Canadian Capacity Utilization Rate for the first quarter, reported at 81.7%.

The forecast for the EUR/CAD remains bearish after this currency pair failed to keep its uptrend alive following a lower high.