US stocks and oil slipped as Donald Trump threatened not to sign a long-awaited stimulus bill into law. The market sentiment had been already fragile, and Trump’s comments worsened it even more.
Take a chance to trade the CAD on an important release
Canada will publish gross domestic product or GDP at 15:30 MT time on November 30.
GDP measures the economic activity of a country. Last time analysts expected a decline in the data. However, the actual figure showed an increase by 0.1%. We will see whether the data will surprise with a rise this time.
• If the GDP is higher than expected, the CAD will rise.
• If the GDP is lower than expected, the CAD will fall.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.