USD/CAD continues dipping. Follow US jobless claims and the speech of Fed’s Powell!
Tag - cad - canadian dollar
Asian equity markets mostly lacked firm direction as bourses took their cue from the rangebound session in the US where tech losses were offset by cyclicals.
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.
Global stocks tumble and the dollar surges as the UK discovers a new strain of the Covid-19 coronavirus.
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
US stocks are set to open mixed, ahead of the ‘quadruple witching’ today as December options contracts on stocks, indices, and other products all expire.
Canada's retail sales will be out on Friday at 15:30 MT time.
Asian equity markets traded higher as the region received a tailwind from Wall Street where all major indices were lifted amid stimulus hopes.
The US dollar keeps dipping further, while riskier assets are rising as investors await the FOMC meeting at 21:00 MT time.
EUR/USD, GBP/USD, AUD/USD, and XAU/USD have reached interesting technical levels. Traders are hoping that the US authorizes the Pfizer vaccine this week. They also want to know how the dinner between the UK Prime Minister Boris Johnson and European Commission Ursula von der Leyen goes and how it will influence Brexit.
The Bank of Canada (BOC) will release the rate statement with an update on the interest rate on December 9, at 17:00 MT time.
World shares and other risk assets fell on Monday as growing risks of a no-deal Brexit that hit the pound hard and fresh Sino-U.S. tensions offset bets over more fiscal and central bank stimulus in Europe and the United States.