The Canadian Dollar heads lower, as the Canadian wholesale sales fell by -1.2%

The Canadian Dollar heads lower, as the Canadian wholesale sales fell by -1.2%

By: Darryl Frankfort | Where To Trade | On:Wenesday. November 23, 2016
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Swiss deposits reach their biggest value in more than five months. The CHF/USD had a previous close of 1.0114.

The Kiwi is under pressure as NZ Core retail sales rose less than expected. The NZD/USD pair had a closing of 1.4169 in the previous session.

S&P 500 heads higher as a possible OPEC deal takes the central stage. The S&P 500 closed at 2,200.25 in the previous session.

Dollar is expected to head lower against the Yen, as US Unemployment Claims are expected at 14:30 GMT. The pair previously closed at 111. 16.

The Dollar should find support against the Euro, as experts expect an increase in production for the  US Core Durable Goods Orders that will be released  at 14:30 GMT. The EUR/USD had a previous closing of 1.0625.

Drop in Canadian wholesale sales drives the Loonie lower, due to the Canadian wholesale sales that had a abruptly falling. 

The Loonie Dollar pair is expected to be very volatile during the FOMC meeting. The pair had a previous close at 1.3441.

Video Summary:

  • Canada: Drop in Canadian wholesale sales drives the Loonie lower
  • Switzerland: Swiss deposits reach their biggest value in more than five months
  • Japan: Dollar is expected to head lower against the Yen
  • Europe:The Dollar should find support against the Euro

 

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