Market Opportunities : Week 20-02-2023 - 24-02-2023

EURUSD: German ZEW Economic Sentiment report is the major economic event in the February 20 - 24 week. The report is due on February 21 and will be used to gauge investors’ view on the prospects of euro-zone's biggest economy after a slight, but unexpected growth of 0.4% in the third quarter of 2022. In case the business sentiment deteriorates the EURUSD will get a bearish impulse.

USDCAD: Canadian consumer inflation report for January is an important economic event for forex markets. The Canadian statistics office Statistics Canada will release the CPI report on February 21. In case the Canadian inflation ticks up - the USDCAD will get a bullish boost.