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Forecast |
Previous |
| CAD |
GDP m/m |
Change in Inflation-adjusted value of all goods and services |
0.5% |
0.5% |
| USD |
Unemployment Claims |
Jobless Claims Initial Claims |
379k |
382k |
Currencies
- EUR/USD opened the Asian market at 1.4128 after a strong recovery. In the early morning we saw the EUR/USD value going down to 1.4116, having a recovery of 12 pips after yesterday's US sessions from ECB's Bini Smaghi. Meanwhile more liquidity on the pair is expected today. EUR/JPY had a loss from 83.22 to 82.80 going down 42 pips, trying to follow the fix of EUR/USD price.
- GBP/USD is going up today with an uptrend of 0.1949% with a change of +0.0031 and is ranging between 1.6066 and 1.6118. Bigger movements on the pair are expected later on today due to the announcement of Unemployment Claims figures.
- USD/JPY began its session in Tokyo at 83.22 and JPY going up slowly since we see it at the moment at 82.77. Changes are expected on the pair since Japan is going to have a push up from US and Europe, trying to help Japans economy with food and Aid, since Export and Import sales of Japan are not doing well.
- USD/CAD going lower to 0.9685 so far today and intraday bias remains on the downside for 0.9666 support. Break will confirm down trend resumption for 61.8% projection of 1.0285 to 0.9666 from 0.9972 at 0.9589. On the upside, above 0.9752 minor resistance will turn bias neutral and bring consolidations. But another fall will remain in favor as long as 0.9826 resistances hold. We are seeing now the pair being on 0.9711.
Commodities
WTI Crude Oil:The price at the moment of the Oil is 104.55 going up 0.27% with a change of 0.280.
GOLD:The price at the moment is at 1.427.600 going up 0.19% with a change of 2.700.
SILVER:The price at the moment is at 37.630 going up 0.32% with a change of 0.119.
NATURAL GAS:The Price at the moment is at 4.363 going up 0.18% with a change of 0.008.
Sources: Bloomberg, FT