This week will be shaped by the American NFP release in line with other indicators, all set between the US-China trade deal expectation and the US-Iran conflict escalation.
Tag - cad
The market sentiment is still off due to the Iran-US tensions.The Japanese markets are open after the holidays. As a result, markets are open with a gap.
Ivey PMI will be announced at 17:00 MT time on January 7.
The US dollar has been trying to recover after the suffering in the last days of 2019.
No important events in the economic calendar but the technical picture is promising. Let's take a look at AUD/USD, NZD/USD, USD/JPY, and USD/CAD.
Markets will be closed earlier due to coming Christmas. However, it's not a reason to avoid trading.
Market sentiment was supposed to improve due to the positive comments about US-Sino trade tensions.
Canada will publish retail sales and core retail sales at 15:30 MT time on December 20.
Inflation data may affect the direction of the British pound and Canadian dollar.
Boris Johnson's strict Brexit agenda is putting the GBP under pressure, causing it lose the December 12-13 gains.
The UK PM Boris Johnson's recent announcements leave little space for Brexit's soft landing.
A brief review of the US-China trade agreement reached on December 13 and its influence on the USD