This week the markets will continue to follow the progress over the US stimulus package…
Tag - cad - canadian dollar
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.
European stock markets are seen opening higher Wednesday, helped by increased confidence for a new U.S. stimulus package to boost the world’s largest economy. The White House and Democrats in the U.S.
U.S. stock markets opened higher on Monday, buoyed by hopes for a last-minute agreement on a comprehensive fiscal stimulus package before the elections on November 3.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
UK officials are reportedly preparing to dilute PM Johnson’s Brexit legislation, in a move that could rekindle negotiations with the EU.
EU's von der Leyen supports that EU team will go to London next week to 'intensify' negotiations
Looking ahead, highlights from macroeconomic calendar include Eurozone CPI US Retail Sales and University of Michigan, European Council Summit and Fed’s Williams speech.
The number of Americans applying for initial unemployment benefits unexpectedly increased to 898,000 last week, its highest since late August, compounding fears that the recovery in the labor market is stalling
US futures fell early in pre-US market open trading as investors' hopes that earnings season would provide some upward impetus waned.