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In the Zone
- USDCAD
- EURCAD
- GBPCAD
- Gold
Click HERE for Detailed Levels
Today's News Headlines
- There is talk that the UK are ready to drop Irish border demands to force through a Brexit deal.
Market Recap
Fundamental news continue to be the main driver in the market as the volatility in the US equity markets have wreaked havoc of late. That volatility eased somewhat on Friday, and talks between Italy and the EU sparked a rally as the market hung on comments that seemed kind, Italy also lowered its deficit target.
These constructive talks helped the EURUSD climb to levels above 1.1500, this will be major support from here and the pair looks as though there could be a strong push higher this morning. PM May mentioned that she was ready to compromise on the Irish border situation which is holding up the Brexit negotiations which led to a 50 pip jump – I’m not certain that she is going to be able to get this through parliament and I would not be surprised if the pound gives all these gains back.
The CAD pairs were hit by poor economic data on Friday, I believe that these will all be knee jerk reactions and so I am looking to fade these moves this morning, technically they all look attractive with Fibonacci levels easing my mind.
Important Economic Data Due Today
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