Instrument: USDCAD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.21185 with take profit at 1.21317.
Bearish Preference:
Sell position is envisaged if price trades below 1.20973 with take profit at 1.20852.
Fundamentals:
1:30pm USD Philly Fed Manufacturing Index Unemployment Claims
1:30pm USD Unemployment Claims
1:30pm CAD ADP Non-Farm Employment Change NHPI m/m
4:00pm CAD BOC Gov Macklem Speaks
Comment: Crude oil prices fell sharply as Iranian President Hasan Rouhani claimed that a significant framework agreement had been reached on restoring the 2015 UN-backed deal limiting its nuclear program.
They have agreed to lift all major sanctions,” newswires quoted Rouhani as saying. He specified sanctions including oil sales, and those on the petrochemical, shipping, insurance and banking industries, including its central bank. EU diplomats were quoted as saying there had been “tangible progress”, without endorsing Rouhani’s comments. There was no comment from the U.S. side.
Analysis: SCRUM Team