CAD BOC Press Conference
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