Asia Calm in a Quiet Prelude, US CPI and UK Major Data to Highlight the Week
| Action Insight Daily Report 2-12-24 |
Asia Calm in a Quiet Prelude, US CPI and UK Major Data to Highlight the Week |
Today's Asian session sees an unusual quietness across the region, with major markets closed for holidays, leading to limited movement among major currency pairs and crosses. New Zealand Dollar is having a slight downtick following RBNZ Governor Adrian Orr's appearance before a parliamentary committee, where he left market participants parsing for clues on future rate adjustments. Despite Orr's non-committal stance, the minimal market response suggests that expectations for further rate hikes remain intact, albeit with an air of caution... |
USD/CAD Daily Outlook Daily Pivots: (S1) 1.3419; (P) 1.3451; (R1) 1.3488; More... Intraday bias in USD/CAD remains neutral at this point and more consolidations could be seen. Further rise is mildly in favor as long as 1.3357 support holds. On the upside, decisive break of 1.3540/3 will resume the rise from 1.3176. That will also revive that case that whole fall from 1.3897 has completed, and target this resistance. Nevertheless, firm break of 1.3357 support will argue that rebound from 1.3176 has completed, and target this low for resuming the decline from 1.3897. | |
| GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
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| 10:00 | EUR | EU Economic Forecasts |
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