Morgan Stanley limit order to sell AUD/USD, 0.7440 – stop at 0.7630 – target 0.6800 More: Short EURNOK at 9.50 – Stop at 9.6 – target 9.20
Canadian jobs survey from ADP This is a new series that was introduced late last year so there isn’t much of a track record. It’s been strong for the past few months, adding around 40K jobs per month from Feb-April.
Canada wholesale sales data The food category and personal and household goods category were strong.
Latest data released by the Department of Labour – 21 June 2018 The jobless claims continue to head lower, no surprises as firms are likely to face increased competition to add workers to their ranks – considering that the unemployment rate has also been trending lower and lower.
The USD is mostly higher but mixed As the North American session begins, the GBP is the strongest, while the EUR is the weakest. The BOE kept rates unchanged but the vote was 6-3 which keeps a rate hike wide open for the next meeting(s). The USD is mixed, but mostly higher with gains vs…
Canadian and US data coming up Four releases are due out from Canada and the US at 8:30 am ET (1230 GMT). For the US, initial jobless claims are expected to tick up to 220K from 218K while the Philly Fed manufacturing index is forecast to dip to 29.0 from 34.4. Neither report is likely to…
April showed a 0.4% gain The May US leading index came in at +0.2% versus 0.4% expected. The prior month showed a 0.4% gain.
Prior month was positive at 0.2. The Eurozone consumer confidence unexpectedly fell in June. The expectations were for a 0.0 reading. It came in at -0.5.
MInor releases We will get an unusual EU indicator released at the top of the hour. The consumer confidence for June will be released with expectation of 0.0 vs 0.2 last month. Above 0 indicates optimism, below indicates pessimism.
Lower channel trend line breached but no run. Lower topside trend line stalls. Looking at the hourly chart of the USDCAD, the pair is showing some signs of a potential slowing of the trend move higher.