|Day's Range||0.754 - 0.754|
|52 Week Range||0.7284 - 0.7821|
The Canadian, Mexican and British currencies are trading sideways on Friday. With no U.S. fundamental releases on the schedule, I expect an uneventful North American session.
It’s a big day for the Pound, with retail sales figures due out ahead of the BoE monetary policy decision. Will there be any dissenters to sink the Pound?
With economic data on the lighter side, the market focus will be on Brexit chatter and the FOMC. For the Loonie, inflation figures will also influence.
Uncertainty over how the U.S will respond to the attacks on Saudi oil feeds could leave the markets tentative ahead of tomorrow’s FOMC decision.
It’s risk-on through the Asian session as the markets respond to the ECB move. On the day ahead, the focus will be on Brexit and U.S retail sales figures.
Tensions between the U.S and China ease, supporting risk ahead of the heavily anticipated ECB monetary policy decision later today.
The Aussie Dollar takes another hit this morning. With stats on the lighter side on the day ahead, the focus will remain on Brexit and monetary policy.
While German trade data could trouble the EUR, it’s all eyes on Parliament, which could be suspended as early as today. What’s next for Boris?
The Canadian Jobs data recorded upbeat reports, pleasing the traders. After testing the overhead 50-day SMA last day, the Ninja took a U-turn to the downside.
US and Canadian economic docket appears wholly filled with crucial economic data releases. Meantime, the Loonie pair might close the week on a negative note today, heading into the underlying Ichimoku Clouds.
It’s nonfarm payrolls. Impressive figures today, following a jump in service sector activity could question whether the FED will deliver…
The US economic docket appears over-filled with critical data releases today. On the 4H chart, the bears seem to have already started playing its role in dragging down the pair.
Today’s USD breather has brought relief to many other currencies earlier under pressure. The euro is recovering, and the bulls’ resolution looks to be put to test shortly as the nearest resistance is at hand.
Cable made a whopping 1.51% jump on Wednesday. After bouncing off the lower boundary of the Bollinger Bands yesterday, the Fiber breached above a 10-day old counter-trend line today.
On the daily chart, the Loonie pair appeared to linger above the Green Ichimoku Clouds. During the early hours, the pair was traveling along a straight line, staying glued to the 1.3327 level.
It’s another big day ahead. MPs will likely push through legislation to prevent a no-deal Brexit. There’s also the BoC and stats to consider.
Canadian and US August Markit Manufacturing PMI data releases stay at the center stage for the event side. Meantime, on the daily chart, the pair was testing the sturdy 1.3345 resistance level in the Asian trading session.