US Market Update – Video Analysis

US Market Update – Mix data have been released from US and Canada earlier.  USDCAD initially tumbled to near nine-month lows of 1.2946 following the data. Since then, the pairing recovered to 1.2985, with short covering prompted by the cooler Canada price data. The dollar edged briefly lower following the mix of data, where personal income rose a bit more than expected, as consumption was in-line with forecasts. EURUSD topped at 1.1421 before falling back into pre-data levels of 1.1415, while USDJPY dipped to 111.86, then quickly reclaimed the 112.10 mark. Wall Street is on session highs, with major indices up 0.4%-0.5% on the session.

Click here to access the HotForex Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in:

Stuart Cowell

Senior Market Analyst


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.