ISM Manufacturing PMI Report for December set a pandemic record, showing continued expansion in the manufacturing sector despite increasing economic challenges elsewhere.
The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.
EUR/GBP has produced numerous long wicks in the lead up to the December 31st Brexit deadline but how is price action likely to play out at the start of 2021?
The ongoing weakness of the US dollar is allowing EUR/USD to push higher with little on the daily chart stopping the pair from printing a fresh multi-year high.
News that England is moving back into lockdown because of rising Covid-19 infections has been well received by GBP traders, lifting GBP/USD modestly after Monday’s falls.
USD/CAD rates may continue to slide lower as the rollout of multiple coronavirus vaccines and substantial fiscal support buoys Canadian consumer confidence.