Bullish currency pair EUR/CAD runs out of steam at 1.4659; currently at 1.4638

A quick look at Friday: EUR/CAD rose 75 pips to close at 1.4638 Friday which makes for a move of 0.52%.

While EUR/CAD is up today, these currencies are lagging behind: after ending Friday's session at 133.59, USD/JPY lost 178 pips and is trading around 131.8. USD/SGD drops 0.44% Friday and closed at 1.3456. After ending Friday's session at 1.7137, EUR/NZD lost 127 pips and is trading around 1.7009.

Furthermore, the market is looking at tomorrow at 07:00 UTC data for Germany Producer Price Index will be released, with an expected decline to -1.6% from the preceding figure of -1%. Euro Zone Trade Balance (Jan) scheduled to come out tomorrow at 10:00 UTC.

The currency pair has been trending positively for about a month. Having set a peak of 1.4778 around 7 days ago, EUR/CAD is now trading 1.46% below this level.