Loonie heads higher as sales in the manufacturing industry came better than expected

Loonie heads higher as sales in the manufacturing industry came better than expected

By: Darryl Frankfort | Where To Trade | On:Friday, November 18, 2016
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Pund heads lower as UK's unemployment inches higher. The British Pound had a previous close at 1.2420.

Loonie heads higher as sales in the manufacturing industry came better than expected. CAD Core CPI will be released at 14:30 GMT, and Loonie should head lower against the Greenback. The CAD  previously closed at 0.7397.

Dollar is under pressure as inflation contracts. The US Dollar Index had previously closed at 101.00.

S&P 500 heads lower -2.70% as investors assess market conditions. The S&P 500 previously closed at 13.72.

In the USD/CHF pair, medium volatility should be expected as Gov Board Member  Martin Maechler speaks at 11:30 GMT. The US Dollar Swiss Franc pair closed at 1.0070 in previous session.

The EUR/USD pair is expected to be very active during  ECB President Mario Draghi's speech at 09:30 GMT. In previous session the pair closed at 1.0624.

Video Summary:

  • United Kingdom: Pund heads lower as UK's unemployment inches higher
  • United States of America: Dollar is under pressure as inflation contracts
  • Europe: The EUR/USD pair is expected to be very active during  ECB President Draghi's speaks 
  • Canada: Loonie should head lower against the Greenback

 

 

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