Tag - cad - canadian dollar

What is moving the markets today?

USD/CAD is eyeing 1.2900. What’s next?

What’s happening? S&P dropped, the AUD dropped, while USD/JPY skyrocketed!

Take the opportunity and follow the release of Canadian GDP on January 29, at 15:30 MT time!

Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.

President Joe Biden is expected to sign a new “Buy American” order, underlining the essential continuity of US trade policy despite the radical change of tone expected from Donald Trump’s administration.

Asia-Pac bourses took impetus from the gains on Wall Street where stocks rallied to all-time highs and the Nasdaq outperformed.

S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.

The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.

Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.

Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.

USD/CAD continues dipping. Follow US jobless claims and the speech of Fed’s Powell!