We started the day with Average earnings data from GBP which was in line with expectation and previous, but Claimant count change was better than expected and previous.
Moving on to NY session with US Building permit also at better than expected number. Then the important rate decision came out from Canada as expected to unchanged. Then Crude Oil inventory had a large draw.
Also, last night’s datas from China with GDP in line with expectation and previous but slightly decline in Industrial production.
Sentimentally, WTI closed strong above $51.50 due to crude oil inventory number. Equity markets were mostly green as well for a risk on sentiment day.
The oil market did not help the CAD, although the rate was unchanged but the statement from BOC had stated the consideration for adding more monetary stimulus as the export weakness could be harder to turn around.
We started the day with Average earnings data from GBP which was in line with expectation and previous, but Claimant count change was better than expected and previous.
Moving on to NY session with US Building permit also at better than expected number. Then the important rate decision came out from Canada as expected to unchanged. Then Crude Oil inventory had a large draw.
Also, last night’s datas from China with GDP in line with expectation and previous but slightly decline in Industrial production.
Sentimentally, WTI closed strong above $51.50 due to crude oil inventory number. Equity markets were mostly green as well for a risk on sentiment day.
The oil market did not help the CAD, although the rate was unchanged but the statement from BOC had stated the consideration for adding more monetary stimulus as the export weakness could be harder to turn around.