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USD/CAD Forecast Dec. 7-11

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/CAD showed limited movement for a second straight week, closing at 1.3358. This week’s highlights are GDP and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. In the US, Janet Yellen provided strong hints that the Fed will raise rates next week, lauding the labor market and dismissing persistently weak inflation. The critical NFP came in above expectations, but the ISM PMIs disappointed. Canadian GDP missed expectations and

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