Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/CAD nearer to technical support as data suggests higher Canadian inflation
Earlier this afternoon economic data released from Canada suggested prices there are on the rise again. That was the latest industrial product price and raw materials price. Both increased by considerably more than forecast. Raw materials rose by 3% in August against an expected increase of 1%. Industrial prices rose by 1.3% against an expected 0.2% increase. This news pushed the USD/CAD lower again and it came close to testing the noted 200 day moving average. That remains in place at 1.3464. The low seen so far has been set at 1.3472. The US dollar is just lifting from that earlier now, as the US equity markets prepare to reopen. The USD/CAD is currently trading at 1.3480
Market News
All News-
Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
