Monday, August 19, 2019
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Weekly Market Outlook | Econ Alerts

Weekly Market Outlook: 19th – 23rd Aug 2019

The summer lull will continue into next week as economic releases will remain sparse. However, central bank minutes and the annual gathering of central bankers at the Jackson Hole Economic Symposium should generate plenty of headlines ahead of expected policy easings in September. Trade and geopolitical tensions will also come

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Technical Analysis – USD/CAD plummets to 8½-month lows

USD/CAD plummets to 8½-month lows; negative bias remains. USD/CAD is plunging today towards a fresh eight-and-a-half month low near 1.3030, following the pullback on the 1.3145 resistance level, which overlaps with the 20-day SMA. Technically, the RSI indicator is declining in negative territory, approaching the oversold zone, while the stochastic oscillator posted a

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