GBP/USD has just surpassed the hurdle at 1.3005
Tag - cad - canadian dollar
Last week saw many currency pairs reach September lows. This week will see the new US President announced, NFP, several central banks set their interest rates... and maybe some progress over Brexit. Pretty loaded, right?
The market sentiment deteriorated because of the election uncertainty and worries about rising virus cases all over the world. Let's make some analysis!
U.S. stock markets are set to open with a modest bounce after their worst day in over a month on Monday.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
This week the markets will continue to follow the progress over the US stimulus package…
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!