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USD/CAD edges back touch 1.36 after US GDP revised above estimates
The latest revision to US Q3 GDP was released a little earlier and it was above forecasts. US Q3 GDP rose by 5.2% against a prior estimate of 4.9%. This news was not ignored by the dollar, but in reality it could have reacted more than it has in a positive way so far. That said, USD/CAD did rebound from an earlier session low at 1.3541. It reached exactly 1.3600 following that data. The US dollar had closed last night at 1.3574. The rebound in the USD/CAD is similar to reactions elsewhere. The one to mention once more in that regard is the EUR/USD, which has now exactly nailed to the pip the noted 1.0965 support and subsequently rebound somewhat. The USD/CAD is just now trading at 1.3597
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DAX still attracting the flow as it pushes to session highs above 22,425
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Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
