Have a happy trading week fellow traders,
A recent news about the European Union has given Belgium’s federal government until late on Monday to secure backing for an EU-Canada trade deal from the region of Wallonia or a planned summit to sign the pact will be cancelled.
And also oil prices had an eventful week as a surprise major drawdown in U.S. oil inventories appreciated the price per barrel, but oversupply fears after comments from the Russian Energy Minister suggested the oil producing giant is content with only freezing prices not cutting them.
But last week, the USD is mixed against majors with the biggest wins coming versus the CAD, EUR and CHF. The European Central Bank (ECB) held rates and its quantitative easing program unchanged dropping hints of a December update. The monetary policy divergence that is anticipated in December has boosted the USD versus the single currency.
The following USD counterpart last week are seen as follows: EUR -0.96, CHF -0.49, CAD -1.40, AUD -0.27.
I am looking for a rebound this week for CAD and expecting to catch 1.31540 area.
A recent news about the European Union has given Belgium’s federal government until late on Monday to secure backing for an EU-Canada trade deal from the region of Wallonia or a planned summit to sign the pact will be cancelled.
And also oil prices had an eventful week as a surprise major drawdown in U.S. oil inventories appreciated the price per barrel, but oversupply fears after comments from the Russian Energy Minister suggested the oil producing giant is content with only freezing prices not cutting them.
But last week, the USD is mixed against majors with the biggest wins coming versus the CAD, EUR and CHF. The European Central Bank (ECB) held rates and its quantitative easing program unchanged dropping hints of a December update. The monetary policy divergence that is anticipated in December has boosted the USD versus the single currency.
The following USD counterpart last week are seen as follows: EUR -0.96, CHF -0.49, CAD -1.40, AUD -0.27.
I am looking for a rebound this week for CAD and expecting to catch 1.31540 area.