
Joe Biden will take the post of president of the USA on the morning of 20 January 2021. Trump is going to skip the inauguration. What will be the market reaction? Let’s find out!
Don’t waste your time – keep track of how NFP affects the US dollar!
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The Canadian employment change has been released at the same time with the US PPI. The best opportunity of this week for traders!
Actual Forecast Previous
Core PPI -0.3% 0.1 -0.1%
PPI -0.2% 0.4% 0.4%
Opportunities like this come along quite rarely. The Canadian dollar got two tailwinds at the same time. As a result, USD/CAD started moving down. Based on fundamental factors we can assume that the pair should go down further. It has already broken through two moving averages, but there is one left – the 50-period moving average at 1.3570. If the price crosses it, it may plummet to the next support level at 1.3525, which it has touched several times already. The move below this level will push the price to the low of June 9 at 1.3375. Resistance levels are at 1.3610 and 1.3685.
Joe Biden will take the post of president of the USA on the morning of 20 January 2021. Trump is going to skip the inauguration. What will be the market reaction? Let’s find out!
What are the forecasts for silver, platinum and palladium?
USD/CAD continues dipping. Follow US jobless claims and the speech of Fed’s Powell!
U.S. stocks are set to reopen higher after the Martin Luther King Day holiday on Monday, with Yellen’s remarks a welcome reminder of the momentum behind economic stimulus measures.
Joe Biden will take the post of president of the USA on the morning of 20 January 2021. Trump is going to skip the inauguration. What will be the market reaction? Let’s find out!
Asian equity markets mostly rallied with risk appetite spurred as trade picked up from Monday’s holiday.
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