Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The USD/CAD pair retests its February’s lows
Information is not investment advice
The release of the BOC business outlook survey came out positive and strengthened the CAD. USD/CAD has tested the lows of the last February at 1.3068. The next support lies at 1.2988. From the upside, the first resistance is placed at 1.3125, the next one is at 1.3168.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.