Bank of Canada Business Outlook Survey

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Technical Analysis Daily Majors & Minors

  • USD/CAD - The Canadian dollar continued to lose ground last week.

  • USD/CAD approached the 1.19 line, its highest level since May 2009. This week’s sole release is the Bank of Canada Business Outlook Survey. How will this effect the Canadian pair?

Daily Update

  • A landmark legal opinion this week will remind the European Central Bank of the limits it faces as it advances towards money printing, while a tumbling oil price saps inflation in debt-strained Europe.

  • Japan’s government will propose a record budget for next fiscal year of more than $800 billion but cut borrowing for a third year, government officials said on Sunday, as Prime Minister Shinzo Abe seeks to maintain growth while curbing the heaviest debt burden in the industrial world.

  • Russia’s credit rating looks set to tumble into junk for the first time in more than a decade, a move that would exclude its bonds from a couple of high-profile indexes and may set off another wave of capital outflows.

  • UK pharmaceutical company Shire has clinched a deal to buy US rival NPS Pharmaceuticals for $5.2bn (£3.4bn).

  • The energy regulator should be given new powers to force firms to cut bills when wholesale prices in gas and oil fall, Ed Miliband says.

Daily News To Watch

Monday, 12th January 2015 Previous Forecast Actual

No Fundamental News

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