|Min-Max giorno||0,901 - 0,906|
|Intervallo di 52 settimane||0,8276 - 0,9494|
EURGBP struggled to gather upward momentum after a failed recovery attempt on Wednesday morning. The currency pair is now trading near its lowest level in one month, as recession fears hit the Eurozone economy.
We strongly believe China wants to show some strength in their perceived economic recovery and that these PMI numbers are somewhat “manufactured for effect”.
On Tuesday and Wednesday things have been calmer, we will try to look for more technical setups which are more based on dots and less on panic and fear.
The European parliament will approve Britain’s departure from the EU later on Thursday, setting the scene for the U.K. to leave the bloc. British Prime Minister Johnson has hailed the departure, but European officials are much less enthusiastic.
The latest minutes from the European Central Bank (ECB) meeting are due on Thursday and investors will lookout for clues on ECB’s strategy review, and specifically about the change in inflation target.
The Canadian dollar is flat on Friday, but that could change in the North American session. Canada and the U.S. will both release key employment numbers at 15.:30 GMT.
The Canadian dollar is steady on Thursday, after an optimistic Bank of Canada rate statement boosted the currency. Higher oil prices have also contributed to the Canadian dollar gaining ground.
The year is ending but Brexit and trade wars continue being the hottest topics. In this article, we will consider events that will determine the market sentiment of the last month of the year.
On Wednesday, the pressure in the financial markets has slightly decreased after Bloomberg reports that China and the U.S. are edged closer to their positions on trade and can avoid a new wave of escalation.
The Canadian dollar has posted strong gains after the BoC held rates and sent a positive message to the markets. EUR/GBP has posted sharp losses, as British Construction PMI beat the forecast.
The Canadian dollar continues to trade sideways this week. With no Canadian events on the schedule, I expect a quiet North American session for USD/CAD. That could change on Wednesday, as the Bank of Canada holds its monthly policy meeting.
The Canadian dollar is quiet, but that could change in the North American session with the release of GDP. EUR/GBP is showing little movement, as the post-Thanksgiving hangover has crossed the Atlantic.
The Canadian dollar is flat on Thursday. The lack of movement could change on Friday, with the release of Canadian GDP. EUR/GBP has posted slight gains, but the pair continues to put pressure on a key support level.
The Canadian dollar is calm on Wendesday. The currency yawned as U.S. GDP showed a 2.1%, which was better than expected. Canada will release September GDP on Friday, so we could see some volatility from USD/CAD before the weekend. EUR/GBP has sustained losses, on fears of a trade war between the U.S. and the EU.
The Canadian dollar shrugged after Canadian corporate profits slowed considerably. EUR/GBP has gained ground, buoyed by a positive consumer confidence report out of Germany.
The Canadian dollar has started the week quietly, despite a strong Wholesale Sales report. EUR/GBP has lost ground and fell to a 1-week low in the European session.
The Canadian dollar is flat, but that could change in the North American session, with the release of Canadian retail sales. EUR/GBP has posted slight gains and is just below the 0.86 level.
The Canadian dollar is slightly lower, after Canadian ADP nonfarm payrolls reported a decline. All eyes are on Canadian retail sales, with investors braced for a decline. Meanwhile, EUR/GDP is trading sideways for a second successive day.
Investors await the release of the Federal Reserve minutes, and predictably, there is little movement ahead of this major event. We could see some volatility from the British pound and Canadian dollar after the release, which is scheduled for 17:00 GMT.
The U.S. dollar is pointing higher on Tuesday. The greenback is slightly higher against the Canadian dollar, while the pound has lost some ground against both the U.S. dollar and the euro.
The British and Canadian currencies are almost unchanged on Friday. We could see some movement with the release of U.S. retail sales at 13:30 GMT.