We’ve seen Canadian Dollar strength that is backed by much of the Commodity run and subsequent USD weakness since the Fed hiked in December. However, February has been a sideways affair. I’m awaiting a price breakdown and close below the support levels of 1.3083/76 to validate the view. However, we do see a lot of support at 1.3000 as the price continues to hold up above 1.3000 or find bids. Regarding resistance, the price has had a difficult ...
John Stobart (b.1929) Night Run to Friar's Point
Company operating profits in Australia soared 20.1 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Monday. more...
US Dollar Forecast: US Dollar May Struggle as Trump Speech Overshadows Hawkish Fed The US Dollar may struggle in the week ahead as doubts about the impact of still-uncertain fiscal policy overshadow hawkish pronouncements from Federal Reserve officials. Japanese Yen Forecast: Kuroda Stokes Bullish Motivation in the Yen; CPI on Deck One of the biggest beneficiaries of the ‘Trump Bump’ across global markets was Japan. After ...
Durable Goods Orders, GDP data from the US, Australia, and Canada, US Consumer Confidence, Manufacturing PMI, Crude Oil Inventories, Unemployment Claims and rate decision in Canada. These are the main events on forex calendar. US Durable Goods Orders: Monday, 13:30. Durable Goods Orders are expected to climb 1.6% while core orders are expected to gain 0.5%.US GDP data: Tuesday, 13:30. US GDP growth is expected to reach 2.1% in the ...