Bank of Canada

The U.S. dollar was recently at C$1.1025 early Monday, from C$1.1024 late Friday, according to data provider CQG.
With investors returning after a long weekend and a dearth of economic indicators, currency markets were quiet to begin the trading week. The U.S. dollar was is expected to hug the C$1.11 level in the near term, but could improve against a weaker loonie thanks to a dovish Bank of Canada and a recovering U.S. economy.
"With an important week of data ahead and hopes that the U.S. economy is starting to that out from the winter slowdown, we still rather think the U.S. dollar is in good position to improve against the Canadian dollar,"

Breakouts stock, forex, futures trading

Trading breakouts can be high risk, high stress, low reward, and low probability or this type of trading can be low risk, low stress, high reward, and high probability. The difference lies in when you enter into this type of position.  A important way to making these work that is beyond to learn how to read and understand charts: When taking any buy or sell entries in stocks or any other market, make sure you know exactly where price is with regard to the larger time frame supply  demand curve.
No matter what you trade Stocks, Futures, Forex, and Options, understand that behind all the candles on your charts in all these markets are traders and their emotions. Many of the traders will fall for the emotional breakout trading traps while other traders will make money from them. Thus instead of entering the market on the initial move higher or lower from a level, you should trade on the first pullback into the fresh supply or demand level. This is one of the most common mistakes most traders and investors make.

Breakouts stock, forex, futures

Bloomberg Consumer Comfort

The Bloomberg Consumer Comfort (COMFCOMF) Index rose to minus 29.1 in the period ended April 13 from minus 31.9 the prior week, the weakest reading since the start of February. The monthly economic expectations gauge improved in April after falling to a four-month low.
Sentiment recovered broadly last week among most income groups, with consumers’ spirits lifted in part by warmer weather that’s helped lower home-heating bills. Employment opportunities that propel bigger wage gains will provide Americans the wherewithal to extend a recent pickup in spending, supporting the economy.

EUR/JPY intraday

  dip action is still well contained for   now, so those that are still looking to buy dips in the current range pattern environment should look to do so while the 140.92 support level holds. Mkt is not wanting to push the limits today and  to the upside 141.90/142.00 is key. Only if that zone is taken out    would the setup turn a bit more bullish.

China's weaker GDP

Most common reaction to China's weaker GDP data "appears to be relief that growth has not slowed further," Capital Economics writes, though "the bulk of the monthly data confirm the loss of momentum." Despite the weakening and downside risks, growth is still rapid, the firm notes, and "no evidence that China is at imminent risk of a 'hard landing.'" Capital Economics also says hopes of "substantial policy stimulus are also likely to be disappointed," and as long as the labor market stays healthy, it sees no policy loosening which could "undermine efforts to rein in wasteful borrowing and investment."

Bank of Canada's policy statement

 The Bank of Canada's policy statement steps up its emphasis on needing to see a shift to exports and business spending, and away from consumption as Canada's key growth drivers. It says the gradual strengthening in the fundamental drivers of growth and inflation it expects "hinges critically on the projected upturn in exports and investment." The central bank is also still concerned about inflation missing on the downside and how risks associated with household finances "remain elevated."

Manufacturing output

Manufacturing output--the largest component of industrial production--rose 0.5% in March, following a 1.4% gain the month before. The figures show manufacturing is strengthening after unusually cold weather hit many sectors of the economy in December and January. For manufacturers, low temperatures and storms kept workers at home, delayed shipments and affected production.
For the first quarter this year, industrial production moved up at an annual rate of 4.4%, just slightly slower than the prior three months, the Fed said.
Looking ahead, high inventories of manufactured goods could slow production if demand doesn't pick up. Factory stockpiles rose in February from a year earlier, according to a separate Commerce Department report. Factories typically pull back if too many goods have collected on shelves.
Production of long-lasting goods including appliances and furniture boosted the manufacturing gain. However, production of motor vehicles and parts declined 0.8% last month.