The US dollar keeps dipping further, while riskier assets are rising as investors await the FOMC meeting at 21:00 MT time.
Tag - cad - canadian dollar
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.
The mix of economic reports from Canada and the USA will have a huge impact on the pair! Get ready with us!
Asian shares scaled a record high on Friday on growing prospects of a large U.S. economic stimulus package, while hopes that coronavirus vaccine rollouts will boost the global economy underpinned investor sentiment.
The USD has become soft. What's the tactical outlook against its main counterparts?
US markets are closed for Thanksgiving on Thursday, that's why the volatility falls. However, there are still some interesting movements!
USD/CAD has been falling for a long rime. Has it hit the bottom?
There are a lot of movements in the currency market now - therefore, a lot of opportunities. Let's see how the USD trades against its peers and how to use that in the short-term.
The fears of a no-deal Brexit are looming…
Canada will publish the monthly retail sales and core retail sales on November 20 at 15:30 MT time.