In the beginning of this week, it is important to look towards EUR/USD, USD/CAD and GBP/CAD. The GBP/CAD is quite volatile and EUR/USD is renewing the months long maximum.
Be ready for the changes on the market next week. Take a look at our overview of the economic events that will happen in the upcoming week
The large-scale revision of NAFTA was one of the Trump’s core campaign pledges. His primary concerns were US trade deficit with Mexico.
The excitement in the markets is subsiding, as investors are still distrustful of the Dollar. Volatility is gradually declining in the markets but key uncertainties remain unresolved.
Chaos in the markets does not have time to gain momentum and instead, AUD is strengthening and the GBP sees slight relief.
There is a fairly straightforward approach when it comes to the USD/CAD pair in the next few days. So, let´s keep that as out main plan, but as an alternative, we can look towards USD/CHF
Either choosing cooperation or obstruction Trump will still shoot himself in the foot, as the Russian relations with the US elections cannot be swept under a rug any longer.
The Euro is on the way to the top, as the positive market data in Europe is fuelling it. But, the fuel of the Oil market is undecided, as OPEC has yet to finalise the decision for an extension.
Seems that the Dollars outlook is rather gloomy. Rest of the market is taking gains on this news and oil is ready for a takeoff, as the cuts agreement is likely to be extended.
The US Dollar continues to lose ground against most of its main competitors, as there has been no good news coming in from the retail sales and CPI. Euro is taking the lead and thus we have two options with the EUR/USD pair.
Find out what lies ahead next week on the market. Be ready to gain from all the upcoming events!
Chinese banks are not embarrassed to give out loans, in spite the efforts of the Central Bank to cool down the economy.
The BoE’s Monetary Policy Committee voted unanimously to keep the central bank’s record low interest rates on hold and the rate of bond purchases at their current levels.
The RBNZ leaves the rate unchanged, as in Australia, finding a balance in the interest rates is a big headache for the RBA, as the real estate market boom spurs prices growth.
The initiative of buying the Japanese Yen has been low for the investors. The market is waiting for the currency to go back to the broken trend in order to sell the pair.