Live - Updated 28 minutes ago.
Stalemate for US Dollar-Canadian Dollar bulls and bears .
As the trading week gets on its way, USD/CAD is up to 1.3519, after closing yesterday at zero. Overall, a 0% move or 13,519 pips this week. (Start trading US Dollar-Canadian Dollar at FXTM today).
At the same time, United States Services PMI came out at 50.2, while a consensus of analysts was expecting 50.6. Data for Canada Core Retail Sales published Friday came out at 1%, beating projections of 0.5% and showing improvement over the preceding figure of -0.7%. Canada Retail Sales released earlier showed a marked improvement to 0.3% from the preceding data of 0.1%, but fell short of the 0.4% figure forecast by a consensus of market analysts. United States Existing Home Sales (Aug) released Thursday with a figure of 4 million, while the previous figure was 4 million. Canada New Housing Price Index (MoM) (Aug) came out at 0.1, while a consensus of analysts was expecting zero.
Outlook for rest of the week: Positive indicators for US Dollar-Canadian Dollar are expected going forward as today at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to 0.1% from the preceding figure of 0.4%.
Furthermore, the market is looking at Canada GDP is projected to outperform its last figure with 0%. It previously stood at -0.2%; data will be released Friday. Canada GDP is expected Friday.
