USD/CAD remains under pressure ahead of Canadian CPI USD/CAD remains under pressure ahead of Canadian CPI
Gary Christie December 15, 2020 10:00 PM
Here are some key levels to watch in the decline: Chart Share:
The US Dollar was bearish against all of its major pairs on Tuesday. On the US economic data front, Empire Manufacturing unexpectedly fell to 4.9 on month in December (6.3 expected), from 6.3 in November. Finally, Industrial Production rose 0.4% on month in November (+0.3% expected), compared to a revised +0.9% in October.
On Wednesday, the Mortgage Bankers Association s Mortgage Applications data for the week ending December 11th is expected. Retail Sales Advance for November is expected to slip 0.3% on month, compared to +0.3% in October. Markit s US Manufacturing Purchasing Managers Index for the
GBP/USD fails to break key resistance GBP/USD fails to break key resistance
Gary Christie December 11, 2020 9:47 PM
1.3535 area remains on the radar for a breakout: Chart Share:
The US Dollar was bullish against most of its major pairs on Friday with the exception of the JPY. On the US economic data front, the Producer Price Index Final Demand rose 0.1% on month in November (as expected), compared to +0.3% in October. Finally, the University of Michigan s Consumer Sentiment Index unexpectedly jumped to 81.4 on month in the December preliminary reading (76.0 expected), from 76.9 in the November final reading.
On Monday, Empire Manufacturing for December is expected to rise to 6.9 on month, from 6.3 in November. Finally, Industrial Production for November is expected to increase 0.3% on month, compared to +1