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Welcome to the FX week! Monday morning Forex prices

Good morning, afternoon, or evening to all and welcome to the kick-off of the FX week.
With only the New Zealand market open at this time, market liquidity is super thin compared to most other times of the trading week, so please take care out there.
Price guide:
  • EUR/USD 1.3561
  • USD/JPY 98.21
  • GBP/USD 1.5979
  • USD/CHF 0.9096
  • USD/CAD 1.0368
  • AUD/USD 0.9420
  • NZD/USD 0.8292
Again, the usual caveats apply – it is relatively illiquid and prices can move sharply on not very much at all.
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Bank of Canada leaves key lending rate at 1.00%

Highlights of the Bank of Canada interest rate decision: * Repeats exact language on current stimulus being appropriate * Key line remains: ‘Over time, as the normalization of these conditions unfolds, a gradual normalization of policy interest rates can also be expected’* Housing sector slightly strongter thanexpected* Looking through the data, GDP is largely consistent with forecast* Output gap to begin to narrow in 2014* Global economy continues to expand broadly as expected but its dynamic …
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Haynes6EU avatar

When CAD down to 1.06?

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Some funny business in USD/CAD before the GDP numbers

A few minutes before the GDP numbers, USD/CAD jumped almost 20 pips and touched a one-week high of 1.0550. The temptation is to blame some kind of data leak (StatsCan has had problems in the past) but it’s more likely about positioning. Even if someone had the numbers ahead of time, the trade wasn’t clear. Quarterly GDP was stronger than expected but monthly GDP was weak so it could go either way. Instead, the move was likely due to some last-minute trading ahead of the results and buy stops abo…
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aslamhammad avatar

it's expected to go higher.....1.0650

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Liked +

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