FX Daily Update

Published 06/30/2016, 08:27 AM
Updated 05/14/2017, 06:45 AM
USD/CAD
-
CL
-

Canadian growth on the menu today

The truce between observers and the various asset classes seen over the last few days is continuing this morning. The fact that we must wait until a new British government is elected before separation procedures can officially begin is greatly contributing to appeasing the panic caused by the initial shock. The crucial issue will be to determine whether the new government is pro-Brexit or not.

Fueled by gains in oil following yesterday’s announcement of a significant drop in U.S. inventories and production, the loonie was able to recover some of the ground lost, but efforts remains half-hearted overall. On the eve of a long weekend with month-end activity, there are various possibilities.

In economic news, we are keeping an eye on Canadian GDP data for April at 8:30 this morning. These figures will enable us to gauge the strength of the Canadian economy in the context of rebounding crude oil prices. South of the border, we are watching for Initial Jobless Claims at 8:30 and the Chicago Purchasing Manager Index at 9:45.

Economic Data

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.