Economic news is expected to be the main mover of USDCAD in the coming week.There are five Canadian events in the upcoming week, including tier-1 employment releases.
IMPORTANT ECONOMIC EVENTS:
Manufacturing PMI
Raw Materials Price Index
Trade Balance
Ivey PMI
Employment Report
LOOKING FOWARD:
The US dollar is expected to remain under pressure, with possible...
NEWS
Bitcoin has hit a record value of $19,920.53 this month, prompting a surge of interest from British investors.
JPMorgan Predicts $600 Billion Bitcoin Demand
The Bank said that even 1% of asset allocation by large financial companies would result in $0.6 trillion BTC demand. The bank expects financial services companies from the US, EU, Japan and the UK to...
Gold prices have opened the week at a key support level around the 61.8% retracement of the June-August major move.
CURRENT EVENTS:
Short and Long-term strategies may favor Gold strength, while intermediate-term strategies may continue to look for bullish swing scenarios as COVID fears become more serious in the UK & Europe. Recent price action tell us Gold...
