The US Dollar continues to gain ground thanks to short 10y Treasuries

The US Dollar continues to gain ground thanks to short 10y Treasuries

By: James Ansher | Where To Trade | On:Thursday, 15 December 2016
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  Where to Trade- The US Dollar continues to gain ground thanks to short 10y Treasuries.
The Great British Pound supported as UK's government becomes more pragmatic. The GBP/USD pair closed at 1.2565 in the previous session.

Loonie rallies as spike in oil prices keeps the Canadian dollar afloat. The CAD/USD pair closed at  1.3282 in the previous session.
The S&P 500 continues its bullish trend as post-election rally continues. In the last session, the S&P 500 futures closed at 2,252.00.

The Aussie heads higher against the Greenback as the Australian Emplpoyment Change will be released at 0:30 GMT. The pair had a closing of 0.7407 in the last session.

The Euro heads lower against the dollar as the US data will be disclosed at 13:30 GMT. The EUR/USD pair closed at 1.0534 in the previous session.

High volatility should be expected in the USD/CHF pair, as the SNB Monetary Policy Assessment will be released at 08:30 GMT. The pair closed at 1.0204 in the last trading session.


Video Summary:

  • Canada: Loonie rallies as spike in oil prices keeps the Canadian dollar afloat
  • Europe: The Euro heads lower against the dollar as the US data will be disclosed at 13:30 GMT. 
  • Australia: The Australian Employment Change will be released at 0:30 GMT
  • United Kingdom: UK's government becomes more pragmatic

 

James Ansher

James Ansher

When there is a will there is a trade

A successful Forex trader and expert advisor

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