We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Good to be back! We started off the week with my #WallStreet index closing above resistance, facing June peaks This is after passing above the 20-day SMA following the 50-day holding Equities seem to be setting up cautiously bullish here $AUDUSD $NZDUSD https://t.co/1NHeKDOHse
  • BOE's Bailey delays meeting with Tory party members - BBG
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.53% 🇦🇺AUD: 0.47% 🇨🇭CHF: 0.33% 🇯🇵JPY: 0.11% 🇨🇦CAD: 0.07% 🇬🇧GBP: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3Xcr8SqmVU
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 1.35% Gold: 0.62% Oil - US Crude: 0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/S1HRq3Qhdv
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.38%, while traders in US 500 are at opposite extremes with 70.45%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/z2VKrQ1an0
  • A close below the high end of the zone signals bull’s hesitation and may lead some of them to exit the market and press Gold to fall towards $1,685.Get your $XAUUSD technical analysis from @malkudsi here:https://t.co/WrxzMLWKJM https://t.co/boK0OUGM7D
  • US virus cases increase by 2% vs prior 1.8% 7-day average - BBG
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.04% Wall Street: 0.01% FTSE 100: -0.05% Germany 30: -0.06% France 40: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LU3pxZ6crc
  • USD/CAD has pulled up just shy of a key zone of support around the 1.3500 handle, and this has happened even as the US Dollar has continued a bearish trend into the start of this week’s trade. Get your $USDCAD technical analysis from @JStanleyFX here: https://t.co/oQshB2qTQt https://t.co/OynxuDWkmu
  • #Gold shifting higher to test intraday highs as the US closing bell approaches https://t.co/lic6U0MGal
USD/CAD Sinks as Canada CPI Beats Expectations

USD/CAD Sinks as Canada CPI Beats Expectations

2014-07-18 12:53:00
David Maycotte,
Share:

Talking Points

  • Canada June Consumer Price Index Rises 2.4% y/y vs 2.3% expected
  • Canada Wholesale Trade Sales Rose 2.2% in May vs 0.6% expected
  • Canadian Dollar Rises Against US Dollar on Positive Outcomes

The Canadian Dollar rose remarkably against the US Dollar as Canada’s headline inflation rate reported at 2.4 percent, trumping estimates calling for a 2.3 percent increase. This outcome marks the fast pace of inflation in more than two years. Canada’s core inflation came in at 1.8 percent, and beating expectations calling for a print of 1.7 percent.

The inflation report comes just two days after Bank of Canada Governor Poloz decided to keep its headline rate unchanged at 1 percent. He mentioned in his policy announcement two days ago that gains in prices are not tied to the broad economy. The central bank is now neutral about the policy rate move.

Story: USD/CAD Trades into March High Trendline as BoC Talks Down Economy

The US Dollar fell against the Candian Loonie as it faced trend-line resistance before the release.

USD/CAD Sinks as Canada CPI Beats Expectations

USD/CAD 5-Minute Chart using FXCM Marketscope 2.0

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to instructor@dailyfx.com.

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.