Market updates on November 21
The news concerning the US-China phase one trade deal may determine the moves of the market.
Elections in Canada: what do they mean for the CAD?
Today, the election in Canada will determine whether the Liberal Party Prime Minister Justin Trudeau or the Conservative Party leader Andrew Scheer will lead the government.
According to analysts, the most likely scenario is a government that does not command an absolute majority. Plus, some of the experts suggest that the minority administration led by the Conservative party would be better for the Canadian dollar than the one led by Trudeau and his team. The reason behind this opinion lies in the Conservative party's promises to remove Trudeau's oil regulations. It will help to boost the CAD, as it is the commodity-linked currency.
At the moment, USD/CAD is trading at the lowest levels since July. If the loonie is supported today, the support for the pair will lie at 1.3083. The next support will be placed at 1.3052. In case of a reversal, you need to pay attention to the 1.3132 level. The next resistance will be placed at 1.3145.
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Will the ECB monetary policy accounts affect the euro?
The ECB monetary policy accounts will be published at 14:30 MT time on November 21.
Will the RBA meeting minutes pull the AUD down?
The RBA meeting minutes will be released at 02:30 MT time on November 19.
Latest news
Market updates on November 21
The news concerning the US-China phase one trade deal may determine the moves of the market.
Market updates on November 20
The US dollar is under pressure down, the Canadian dollar is in the correction.
Market updates on November 19
Updates on the US-China trade deal are in focus
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