|Day's Range||0.757 - 0.76|
|52 Week Range||0.7284 - 0.7973|
Economic indicators out of Japan this week have proven to be more of an economic alarm bell than an indicator. What’s next for the BoJ?
Economic data out of Japan spells more trouble, with a particularly busy economic calendar placing focus on the EUR and USD.
CAD trades positive as investors await the release of the latest FOMC meeting minutes for directional cues.
Trade data out of Japan suggests more doom and gloom as trade negotiations. Brexit chatter and the FED minutes will be in focus through the day.
USDCAD pair is trading range bound as both sides lack macro data updates and high impact headlines to influence a breakout rally.
Negative sentiment towards the global economic outlook weighed on the commodity currencies, with economic data and Brexit putting the Pound in Focus.
Judging from the way the dollar index is weighted, the best bet for another surge to the upside will be a weaker Euro, Japanese Yen and British Pound.
Theresa May’s troubles continue to pin back the Pound and the stats have provided little help. More swings on the cards later today.
Disappointing macro data and crude oil price undermined Loonie bulls while strength of US Dollar in broad market helped stage solid upside move.
Brexit and Trade talks are on the political agenda, while Germany’s GDP numbers and retail sales figures out of the U.S will be in focus on the data front.
Oil prices continue to underpin Loonie while Dollar is subdued owing to risk appetite resulting in range bound action.
The Canadian dollar rose to its highest in one week against its broadly stronger U.S. counterpart on Wednesday, as oil prices climbed and investors bet that the United States and China would resolve their trade dispute. Canadian government bond prices were lower across the yield curve in sympathy with U.S. Treasuries.
Will inflation numbers deliver a boost for the Pound or the Dollar, or will they ease pressure on the respective central banks to make a move?
The Canadian dollar strengthened on the spike in crude oil price but strong dollar limited decline.
Economic data out of the UK and Brexit chatter keeps the Pound in focus. Across the pond, expect chatter from Capitol Hill to also influence in the day.
Brexit and the BoE will be in focus today. Will growth forecasts be revised downwards? The Pound could be in for a choppy day.
The Aussie Dollar took an early hit on dovish commentary from RBA Governor Lowe. Trump failed to rattle the markets in his State of the Union speech, leaving economic data and Brexit chatter in focus through the day.
USD holds steady near its previous session gains but positive crude oil price supports Canadian Loonie preventing sharp upside move.
The RBA holds back from any talk of a rate cut to drive the Aussie Dollar back into the green. For the day ahead, Trump will be the main area of focus.