Onto Canada's PMI
Heading into today's release of the Jan Canada PMI survey due at 10:00 ET, 15:00 GMT, (exp 53.9, prev 52.8), questions are raised about the loonie's next move vs USD. The importance of today's figure is its implications for Canada's jobs figures due on Friday. CADJPY may seem straight forward, but USDCAD and EURCAD continue to show attempts of further rebound (CAD weakness). We noted our rationale for this week's USDCAD trade in the latest Premium Insight. EURUSD is expected to consolidate around 1.3520/30s ahead of tomorrow's ECB press conference, where each market player shall await Draghi's handling of the questions regarding the euro's recent appreciation. More on this later in the next piece to follow today. 3 trades hit all targets, 6 in progress, 4 unfilled and 7 stopped out. 2 of 2 EURUSD in progress. 1 of 2 USDJPY hit all targets, the other 1 long missed the 92.10 entry by 2 pips. 2 of 2 GBPUSD stopped out. 2 of 2 AUDUSD stopped out. 1 of 1 USDCAD in progress. 1 of 2 EURJPY hit all targets, the other 1 long unfilled. 1 of 2 CADJPY longs hit all targets, the other long unfilled. 1 of 2 AUDJPY longs hit all targets, the other long unfilled. 1 of 1 EURGBP was not filled. 2 of 2 Gold stopped out. 2 of 2 SIlver in progress. 1 of 2 oil in progress, he other stopped out.
|Ivey PMI (JAN)|
|43.1||Feb 06 15:00|
|Ivey PMI s.a (JAN)|
|52.8||Feb 06 15:00|
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