Canadian Labour, Wholesale Figures Due Next Week
Monday
Featured Earnings
Casey’s General Stores, Inc. (NASDAQ:CASY) (Q3) EPS projected for 93 cents, compared to 91 cents in the prior-year quarter.
CarParts.com, Inc. (NASDAQ: PRTS) (Q4) EPS projected for loss of 18 cents, compared to a loss of 70 cents in the prior-year quarter.
Clarus Corporation (NASDAQ: CLAR) (Q4) EPS projected for 29 cents, compared to 20 cents in the prior-year quarter.
Canada
Featured Earnings
Americas Gold and Silver Corporation (T.USA) (Q4) EPS projected for a loss of five cents, compared to a loss of seven cents in the prior-year quarter.
Geodrill Limited (T.GEO) (Q4) EPS projected for five cents, identical to the prior-year quarter.
S&P 500 Index opens modestly higher following Thursday s sharp drop fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
1/29/2021 2:20:12 PM GMT | By Eren Sengezer
USD/CAD is falling sharply in the early American session.
Canadian economy expanded at a stronger pace than expected in November.
US Dollar Index stays in the negative territory below 90.50.
The USD/CAD pair came under renewed bearish pressure in the early American session on Friday and touched a fresh two-day low of 1.2749. As of writing, the pair was down 0.57% on a daily basis at 1.2757.
Focus shifts to Wall Street after US and Canada data
The upbeat data from Canada seems to have provided a boost to the loonie in the second half of the day. The monthly report released by Statistics Canada revealed that the real Gross Domestic Product (GDP) in November expanded by 0.7% and beat the market expectation of 0.4%.
The GBP/USD is trending higher The GBP/USD is trending higher
Jason Lubin December 24, 2020 10:50 PM
Look to the 50-day simple moving average for support. Share:
The US Dollar was bearish against most of its major pairs on Thursday with the exception of the CHF and JPY. On the US economic data front, no major economic data was released.
On Friday, US markets will be closed to observe Christmas Day.
The Euro was bearish against most of its major pairs with the exception of the CHF and JPY.
The Australian dollar was bullish against most of its major pairs with the exception of the GBP.