Page 39 - Christopher Vecchio News Today

A decidedly lighter economic calendar has traders watching inflation data and bond markets in the middle of October.

Despite the ongoing bullish fundamental environment in the near-term, the narrative may soon begin to shift as traders look towards next year.

This weekly forecast delves into "strong vs weak" currency analysis as we compare the high-flying CAD to the weaker US dollar and Yen.

The RBNZ has already hiked rates, while the BOC is turning more hawkish. Meanwhile, the RBA remains on hold.

The US Dollar (via the DXY Index) has been flagging in October, surviving a crucial test this week.

BOE rate hikes may have risen, but the Sterling is still struggling against the major commodity currencies.

The combined forces of better than expected Canadian economic data and rising energy prices has propelled the Loonie throughout October.

Gold prices have traded around 1760 all of October, with any upside moves quickly reversed.

The turn through the middle of October sees a jampacked calendar in the second half of the week.

Energy markets have been on fire in September, and a push to fresh yearly highs may not be far away for crude oil prices.