EURUSD declined following negative Italian GDP, but still close to 1.15 amid the dovish FED yesterday. Later today releases: new home sales and Chicago PMI.
Eurusd breaking the triangle pattern despite the FED rate hike as the latter revised down the 2019 GDP projection and rate hike from 3 to 2. Durable orders and GDP second estimate tomorrow.
Even with the oil's gain in the past four days, the Canadian dollar is unable to break the 1.24 as the latest January data:
Manufacturing sales: -1.7% Wholesale trade: -3.1% Retail sales: -1.7% Trade balance: -2.45B
all point to a negative GDPm/m on March 31, which could come less than -0.3%.
The USDCAD has briefly touched the lower channel trend yesterday...
