U.S. Existing Home Sales and Canadian Wholesale Sales did not have any effect on the USD/CAD pairing yesterday, as it continued to trade within a 15-point range. We are hoping for more action from this pairing today, with the long-awaited release of Nonfarm Payroll data south of the border this morning. Analysts are forecasting that approximately 180,000 jobs were created in September, an increase over the previous month.
U.S. stock markets have performed remarkably well since the beginning of 2013. The Dow Jones, S&P 500 and Nasdaq have posted gains of 17.5%, 22.3% and 29.8%, respectively. Many analysts expect this trend to continue, as we begin the corporate earnings release period.
In addition to U.S. Nonfarm Payroll numbers, Canadian Retail Sales figures will also be released this morning. Wishing you a great day! Rana Karim
Range of the day: 1.0250-1.0365
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NBC Daily Forex : October 22, 2013
Published 10/23/2013, 01:34 AM
Updated 05/14/2017, 06:45 AM
NBC Daily Forex : October 22, 2013
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