25 Jul 2013
Flash: USD/CAD in focus pre data – TD Securities
FXstreet.com (London) - Research teams for the US open at TD Securities sight up USD/CAD pre Us data releases.
Key Quotes:
“It will be another quiet day in Canada, but busier day for data releases in the US with the highlights being initial jobless claims and durable goods orders”.
“Durable goods have the best potential of getting a USD/CAD reaction, and with TD’s upside bias for the report the implication is for a boost to USD/CAD”.
“Overall though, this week’s developments are really just a prelude to the much more significant events that loom next week (FOMC and US jobs report)”.
Key Quotes:
“It will be another quiet day in Canada, but busier day for data releases in the US with the highlights being initial jobless claims and durable goods orders”.
“Durable goods have the best potential of getting a USD/CAD reaction, and with TD’s upside bias for the report the implication is for a boost to USD/CAD”.
“Overall though, this week’s developments are really just a prelude to the much more significant events that loom next week (FOMC and US jobs report)”.