|Day's Range||1.328 - 1.328|
|52 Week Range||1.2787 - 1.3728|
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.
Investing.com – The dollar rose on Wednesday as U.S. bond yields continued to edge higher on hot inflation data, while a retreat in the loonie amid falling U.S. crude prices also boosted the greenback.
Investing.com - The U.S. dollar was higher on Wednesday as U.S. President Donald Trump once again went after the Federal Reserve for not cutting interest rates as much as he would like.
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.
Positive news from Canadian construction and British employment reports, but USD/CAD and GBP/USD shrug. Mexican peso is also range trading
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.
Investing.com - The U.S. dollar fell on Friday after the economy added fewer jobs than expected in August, in what analysts took as a sign that the economy remains near to full employment.
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.
Investing.com -- The dollar was higher against haven currencies and lower against higher-yielders early Friday in Europe, holding gains made Thursday in broad rally in risk assets after signs of robust job creation in the U.S. last month.
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.
The Canadian dollar rallied Wednesday after the nation's central bank stood pat on interest rates. The Bank of Canada, as expected, left the target for its overnight rate at 1.75%, but warned, in a statement, that "escalating trade conflicts and related uncertainty are taking a toll on the global and Canadian economies." Policy makers found the current degree of monetary policy stimulus remains appropriate, the statement said, but will pay "particular attention to global developments and their impact on the outlook for Canadian growth and inflation." The U.S. dollar was down 0.4% versus its Canadian counterpart to fetch 1.328 Canadian dollars following the decision.
Investing.com -- The Loonie strengthened Wednesday after the Bank of Canada disappointed hopes for a rate cut in the near future. At its first policy meeting since early July, the bank left its interest rate at 1.75%, as expected, but stressed in its policy statement that "Canada’s economy is operating close to potential and inflation is on target."
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.