Forex technical analysis: USDCAD stays below the 100 hour MA after data

Moves a bit lower (extends to downside) after CPI/retail sales
The Canadian retail sales remained fairly elevate in May with a 0.6% gain (vs 0.3%) after a 0.7% rise in April (was 0.8%). The CPI headline was a lower at 1.0% vs 1.1% but the core numbers …

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The strongest and weakest currencies as NA traders enter for the day

The NZD is the strongest. The AUD is the weakest (that means the AUDNZD  is getting hammered)
As the North American traders enter for the day, the NZD is the strongest, while the AUD is the weakest. That means the AUDNZD is wagging the dog and ind…

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UK Budget Deficit Widens More Than Forecast

The UK budget deficit widened more-than-expected in June as debt interest increased notably after inflation lifted the cost of index-linked bonds. Public sector net borrowing, excluding interventions, increased by GBP 2.0 billion from a year ago to GBP…

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<b>Crude Oil</b> Prices Undermined By OPEC Doubts, Baker Hughes Data in Focus

Although dollar weakness continued to underpin crude, oil prices have moved significantly lower on concerns that OPEC output would increase during …The post <b>Crude Oil</b> Prices Undermined By OPEC Doubts, Baker Hughes Data in Focu…

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(21 JULY 2017)DAILY MARKET BRIEF 2:Buy high-beta emerging-market currencies such as Indonesian rupiah

As was widely expected the Bank of Indonesia held its key 7day repo rate at 4.75%. Yet the overall effect and tone was slightly dovish. The decision was based on the central banks effort to keep a balanced approach between supporting recovering economi…

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