USDCAD Short

And there it goes again. I'm liking the soft dollar however recent events in Canada could also spark weakness in the CAD. I will continue to monitor this pair as it seek to move close to the Fib of the current move to the downside.

Event Risk
Thursday, May 12, 2016
07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0%
07:30 USD Import Price Index (MoM) (Apr) 0.5% 0.2%
07:30 USD Initial Jobless Claims 270K 274K
07:30 CAD New Housing Price Index (MoM) (Mar) 0.1% 0.2%

Friday, May 13, 2016
07:30 USD Core PPI (MoM) (Apr) 0.1% -0.1%
07:30 USD Core Retail Sales (MoM) (Apr) 0.5% 0.2%
07:30 USD PPI (MoM) (Apr) 0.3% -0.1%
07:30 USD Retail Sales (MoM) (Apr) 0.8% -0.4%
09:00 USD Business Inventories (MoM) (Mar) 0.2% -0.1%
09:00 USD Michigan Consumer Expectations (May) 78.1 77.6
09:00 USD Michigan Consumer Sentiment (May) 90.0 89.0


Other Analysis