January 21, 2016. The CAD is the stongest. The GBP is the weakest.
The CAD is the strongest currency in trading today - with strength mainly against the GBP. The GBP is the weakest. Concerns about a Brexit are weighing on the pound. It is pushing below the 1.4100 level as I type and some stop have been triggered down to 1.4085. No stopping the selling.
The EURGBP is also on the move higher after getting close to the 100 hour MA (see blue line in the chart below) on yesterday's GBPUSD up day (only the 3rd in the last 17 trading days).
The ECB has their interest rate decision today. No change is expected (READ all about it HERE and HERE). Although the expectations are not great for much of a reaction, the EURUSD is in a narrow range at 54 pips going into the decision and more important presser (at 8:30 AM ET). There is room to roam.
The USD is mixed again today with gains against the GBP mainly. It is weakest against the CAD.
S&P futures are down -6.5 points in pre-market trading. The European stocks are showing gains with the Dax up 0.75% and the Euro Stoxx up 0.70%. The Shanghai composite index was once again smashed - falling 3.23% and ending at the lows for the day.
Unemployment claims and Philly Fed will be released at 8:30 AM ET. Oil inventory data will be released at 10:30 AM ET.
