The US dollar keeps dipping further, while riskier assets are rising as investors await the FOMC meeting at 21:00 MT time.
Tag - cad - canadian dollar
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
Follow Canadian core retail sales on September 18 at 15:30 MT time!
USD/CAD is eyeing 1.2900. What’s next?
New COVID-19 cases globally have been on the rise lately, although it is too early to call them second waves in most countries.
With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.
Stocks futures rose on Monday, indicating a higher start to the first session of August.
USD/CAD reached levels unseen since the beginning of the year. ING considers the pair may fall further, but Bank of America warned that it may hit its bottom and reverse in the long run.
XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.
US markets are closed for Thanksgiving on Thursday, that's why the volatility falls. However, there are still some interesting movements!
European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.
GBP/USD is trading above the key pivot point level. Further bullish momentum will trigger the market to 1.2940.