|Day's Range||0.714 - 0.717|
|52 Week Range||0.6818 - 0.7740|
Wholesale and consumer prices take a hit in March as demand weighs amidst the global lockdown. U.S inflation figures are out later today.
It’s a busier day on the economic data front, which will influence. Updates on COVID-19, however, will remain the key driver.
Energy stocks are a way for traders to leverage the move in oil so the smart/big money tends to move into these stocks before the underlying commodity (oil) will start to change direction.
USD/CAD consolidates near 1.4150 as safe haven purchases of U.S. dollar are offset by the strength in the oil market.
Nonfarm payrolls and service sector PMIs are in focus today. With the West in shutdown mode, both labor market numbers and PMIs are expected to be dire…
Canadian dollar loses ground following weak U.S. Initial Jobless Claims data but rebounds after the surge in oil prices.
The recovery in equity markets has stalled along with new evidence of accelerating coronavirus spreading. There is a saying in the market: ” when the US is coughing, the world has a fever”.
A busy economic calendar may not be enough to distract the markets. The virus continues to spread at a sharp pace in spite of lockdown measures…
The Canadian dollar manages to rebound against the U.S. dollar following the release of the positive Chicago PMI data.
PMI numbers out of China impress early. Will a busy economic calendar be enough to distract the markets from the continued spread of COVID-19?
It’s bearish start to the day, with the continued rise in coronavirus cases raising the prospects of a lengthier economic meltdown…
China’s industrial profits tested risk appetite early on, with stats later today unlikely to have a material impact as the governments battle on.
The BoE and ECB will garner some attention, though expect updates from Capitol Hill and U.S weekly jobless claims figures to steel the show.