The US stocks continue to depreciate due to profit taking from last week`s gains
Where to Trade - The S&P 500 heads lower as the US stocks continue to depreciate due to profit taking from last week's gains. In the previous session, the S&P 500 closed at 2,203.75.
The Loonie is expected to head lower against the dollar as Canadian GDP is supposed to contract. The CAD GDP will be made public at 14:30 GMT. The CAD/USD pair had a previously closing at 1.3432.
The EUR/USD pair is expected to be very volatile during ECB President Mario Draghi´s speech at 13:30 GMT. The pair had a previously closing at 1.0650.
As US ADP Non-Farm Employment Change will be released at 14:15 GMT, the Dollar should find support against the Yen. The JPY/USD pair previously closed at 112.38 in the last session.
- United States of America: Dollar is under pressure as Chicago PMI missed expectations
- Europe: Euro heads lower as Italy slipped back into deflation
- Italy: Italian HICP dropped back into deflation
- Canada: The Loonie heads lower as Crude oil prices rally
- The US stock markets: The S&P 500 is under pressure as the US shares lower amid profit taking
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Oliver Miller is one of the best financial analyst with 18 years of online trading experience
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