|Day's Range||0.765 - 0.767|
|52 Week Range||0.7373 - 0.7740|
More stats due out of the UK could test the Pound further this afternoon. Earlier in the day, the BoJ held rates steady.
The PBoC left LPRs steady this morning, with some time likely needed to asses the impact of recent cuts and the phase 1 agreement.
On Thursday, the U.S. Senate overwhelmingly approved the new free-trade agreement between Canada, the United States and Mexico. The deal, which covers the biggest free-trade zone in the world, should boost the economies of all three countries.
China’s trade surplus widens ahead of tomorrow’s signing. It remains to be seen whether the numbers will catch the President’s eye…
Last week was week of comebacks. It was a week of small, mid-term corrections, going against the main long-term trend. Corrections are useful, they create an occasion to jump in into a trade for those who were initially late. Thanks to corrections, they can open trades with more desirable prices.
The Pound is in focus today, with key stats to influence sentiment towards BoE monetary policy. Brexit will also be in focus on the day.
The technicals indicated high likelihood of an upswing, and the pair obliged by moving higher recently. Great, but with quite a move behind us already, let’s assess further appreciation potential as it stands right now.
The Canadian dollar has been going from strength to strength recently, but isn’t it time for the greenback to stage a comeback? Let’s examine the story the technicals tell…
Attacks on bases across Iraq in the early hours drove demand for the safe havens. Stats are likely to be brushed aside throughout the day…
It seems that today is time to cool down a little and correct the recent movements. The main sentiment remains the same – it’s a risk off mode, where those victorious assets are safe heaven ones.
Economic data from the U.S and Canada will influence, though there will be continued caution as Iran holds back from any immediate retaliation.
Economic data will have some influence, particularly on the EUR, which has eased back. Economic data suggests that the ECB’s optimism came too early…
Economic data from the U.S include consumer confidence figures that will need to be particularly impressive to deliver recovery of early losses.
I was off last week and not paying much attention to the markets. That seems like a good call, as there wasn’t that much change in the markets over the last week.