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Published on Oct 31, 2016
Despite
better than expected U.S. GDP data last Friday, the U.S. Dollar and
stocks fell on news of the reopening Clinton probe. Stocks are
recovering since this week’s open.
The EUR / USD currency pair is
looking significantly stronger, rising quite sharply at the end of last
week and getting established just below 1.1000.
The USD / CAD
currency pair closed again last week at a multi-month high but is
finding it hard to break resistance at 1.3400. The outlook is still
bullish.
The GBP / USD currency pair is consolidating between 1.2300 and 1.2100, but the longer-term outlook still looks bearish.
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