21 December USDCAD Intraday Technical Analysis (+ VIDEO)


The focus of the 21 December USDCAD Intraday Technical Analysis will be on pair due to jobless claims, Q3 GDP, Philly and Chicago indexes, out of US and Nov CPI and retail sales out of Canada.

21 December, HotForex – Asian stock markets again traded mixed, with the boost from U.S. tax cuts quickly evaporating. Nikkei and ASX declined, Hang Seng and CSI 300 moved higher, as the BoJ left policy unchanged in the final meeting of the year. U.S. and U.K. stock futures are marginally higher as markets start to prepare for the long holiday weekend and the year-end comes in sight.

21 December USDCAD Intraday Technical Analysis (+ VIDEO)

US & CAD – Key Data Dump later The yen has traded softer after the BoJ left monetary policy unchanged and, more particularly, signalled that it is in no rush to exit from crisis-mode stimulus policies despite maintaining an upbeat view on the economy.

USDJPY lifted for a third successive day, logging a nine-day high at 113.63. Today the focus will be on USDCAD due to jobless claims, Q3 GDP, Philly and Chicago indexes, out of US and Nov CPI and retail sales out of Canada.

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This article about 21 December USDCAD Intraday Technical Analysis was written by Stuart Cowell, Market Analyst at HotForex. The provided article is a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.

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