ARE WE READY FOR 1.3000 on USDCAD?...
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Also major laggards, with the Kiwi buffeted by Aud/Nzd headwinds as the cross rebounds through 1.0700 in wake of somewhat disappointing NZ jobs data, while the Loonie has been undermined to an extent by a wider than expected Canadian trade deficit, with Usd/Cad meandering either side of 1.3150 and Nzd/Usd capped ahead of 0.6700.
It’s never been a perfect science, but the unpredictability of polls has been highlighted by Trump’s unexpectedly strong showing in the 2020 US Presidential Election that is threatening to turn the tide against Biden’s Blue wave awaiting the final vote counts and declarations. The odds are still tipped in favour of the Democrat challenger, but it remains too close to call and markets are on tenterhooks having priced in and positioned for a new regime, if not quite cashing in on winning bets that were more marginal in terms of bookmakers’ pricing. However, momentum has swung one way and then the other, according to the various scorecards that are trying to determine the outcome and composition of Congress, which may not become apparent until the end of the week. Hence, the Dollar and index continue to trade off breaking headlines and news report in a choppy fashion with the DXY well within 93.070-94.308 parameters at present.
-Premium author on TradingView
-6+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-No junk on my charts
-Frequent updates
-Covering FX/ Commodities
-24/7 uptime so constant updates
Also major laggards, with the Kiwi buffeted by Aud/Nzd headwinds as the cross rebounds through 1.0700 in wake of somewhat disappointing NZ jobs data, while the Loonie has been undermined to an extent by a wider than expected Canadian trade deficit, with Usd/Cad meandering either side of 1.3150 and Nzd/Usd capped ahead of 0.6700.
It’s never been a perfect science, but the unpredictability of polls has been highlighted by Trump’s unexpectedly strong showing in the 2020 US Presidential Election that is threatening to turn the tide against Biden’s Blue wave awaiting the final vote counts and declarations. The odds are still tipped in favour of the Democrat challenger, but it remains too close to call and markets are on tenterhooks having priced in and positioned for a new regime, if not quite cashing in on winning bets that were more marginal in terms of bookmakers’ pricing. However, momentum has swung one way and then the other, according to the various scorecards that are trying to determine the outcome and composition of Congress, which may not become apparent until the end of the week. Hence, the Dollar and index continue to trade off breaking headlines and news report in a choppy fashion with the DXY well within 93.070-94.308 parameters at present.
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