Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
Trade the Canadian dollar on the economic data
The levels of monthly GDP and core retail sales for Canada are expected on December 21, at 15:30 MT time.
Last time analysts forecast GDP to increase by 0.1%, however, the actual data showed a decline of 0.1%. As for retail sales, the actual data released last month outperformed the anticipated increase of 0.1% by the analysts. If this time the releases are higher than the expectations, the CAD will be supported.
• If the indicators are higher than expected, the CAD will rise;
• If the indicators are lower than expected, the CAD will fall.
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Market updates on November 13
The RBNZ kept its interest rate on hold and we are awaiting the releases for the USD and testimony by the Fed Chair Jerome Powell
Market updates on November 12
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise
Latest news
USD/MXN: the rate decision is ahead
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Oil market updates on November 14
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
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