|Day's Range||1.325 - 1.331|
|52 Week Range||1.2787 - 1.3728|
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.
Investing.com - The Canadian dollar was weaker against the U.S. dollar on Tuesday after soft manufacturing data and falling oil prices erased gains from the prior session.
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.
Currencies linked to oil prices pop on Monday after an attack on Saudi Arabian oil production facilities over the weekend knocked out 5% of the world’s production, with some analysts speculating that it could take months to bring the facilities back online.
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.