CAD BOC Press Conference

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Technical Analysis Daily Majors & Minors

  • USD/CAD - After hitting fresh multi-year highs beyond 1.2100 the figure, USD/CAD is now giving away some gains albeit keeping the trade in the upper 1.2000s. But how will this pair trade like in todays session?

  • GBP/USD - is firmer despite the notably stronger USD and GBP/USD failing to consolidate the break above 1.5200 with the move attributed to short covering after a 12 day low was reached in Asian trade ahead of todays UK employment reading with the ILO Employment expected to fall below 6.0% and focus remains on weekly earnings components with analysts expecting some improvement from the previous reading. But how will this pair trade like in todays session?

Quick Daily Update

  • Space Exploration Technologies (SpaceX) has raised $1bn (£659m) in funding from tech giant Google and Fidelity Investments, the firm said on Tuesday.

  • Earnings for the world's largest technology services company, IBM, slumped in the fourth quarter as it moved away from its hardware business.

  • Asian shares held firm and the euro stayed under pressure on Wednesday as investors counted on the European Central Bank to unveil a stimulus drive, while the yen jumped after the Bank of Japan left policy unchanged.

Daily News To Watch

Wednesday, 21st January 2015 Previous Forecast Actual

09:30am GBP Average Earnings 1.4% 1.7% Index 3m/y

GBP Claimant Count Change -26.9K -24.2K

GBP MPC Official Bank Rate Votes 2-0-7 2-0-7

13:30pm CAD Wholesale Sales m/m 0.1% 0.2%

USD Building Permits 1.05M 1.06M

15:00pm CAD BOC Monetary Policy Report

CAD BOC Rate Statement

CAD Overnight Rate 1.00% 1.00%

16:15pm CAD BOC Press Conference

Happy Trading

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