By ForexMansion.com
The developments in the Middle East will probably be the main focus for the USD/CAD pair, where movements in oil markets will probably affect the pair, since Canada is one of the world’s largest exporters of oil.
Moreover, data from the United States will also affect the pair’s movement, where the Income report and the pending home sales are scheduled for release.
Monday 12:30 GMT, the income report is expected to show that personal income increased in February by 0.4% after rising by 1.0% in January, while personal spending is expected to rise by 0.6% in February after rising by 0.2% in January, where income and spending are still rising at a moderate pace in the United States.
Core PCE is expected to rise by 0.2% in February after rising by 0.1% in January, while compared with a year earlier, Core PCE is expected to rise by 0.9% in February after rising by 0.8% in the prior estimate.
Monday 14:00 GMT, the pending home sales index will be released for the month of February, where pending home sales are expected to rise by 0.9% after dropping by 2.8% in January, noting that housing markets activity remain depressed in the United States.
