|Day's Range||0.753 - 0.757|
|52 Week Range||0.7284 - 0.7821|
British pound surges, while limited movement for Canadian dollar and Mexican peso. All eyes are on U.S. retail sales, which could shake up the currency markets
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.
The US and Canadian markets would remain closed on Monday on account of Labor day. On the daily chart, the Loonie pair appeared to take a small climb after struggling inside the red Ichimoku Clouds for the last few sessions.
Economic data out of China provided some much-needed respite ahead of manufacturing figures out of the Eurozone and the UK later today.
Bank of Korea skipped a rate cut this time to save firepower for the next meeting. Today, the Ninja appeared to shed gains over upbeat Japanese data.
On the USD side, August Chicago Purchasing Managers’ Index and Michigan Consumer Sentiment Index might catch market attention. Meantime, on the daily chart, the USD/CAD appeared to linger inside the upper vicinity of the Bollinger Bands, sustaining a strong uptrend.
It’s a busy day ahead on the stats, which will provide direction for the EUR and Greenback. There’s also Brexit and Trump to factor in.
Today, the US economic docket remains quite occupied with significant economic events. Meantime, on the daily chart, the USD/CAD pair appeared to have almost surpassed the red Ichimoku Clouds, providing extra ammunition to the bulls.