CADJPY
84.23
-0.71%
USDJPY
107.02
-0.70%
AUDCAD
0.9971
+0.62%
AUDUSD
0.7848
+0.59%
GBPJPY
149.11
-0.57%
GBPAUD
1.7751
-0.45%

Canadian Dollar drops sharply in early US session after terrible weak retail sales data. Headline retail sales dropped -0.8% mom in December versus expectation of -0.1%. Ex-auto sales were even worse by dropping -1.8% mom, versus expectation of 0.0%. On the other hand, Dollar continues to struggle to extend post FOMC minutes gains despite solid job data. Initial jobless claims dropped -7k to 222k in the week ended February 17. Continuing claims dropped -73k to 1.88m in the week ended February 10. USD/CAD jumps after the releases and is on course towards 1.29 near term resistance zone. However, Dollar is staying below near term resistance against other major currencies, thus, maintaining bearish outlook.

Market Snapshot

Currency Heat Map

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Updated: Feb 22 16:35 GMT

Action Bias

Updated Feb 22 17:33 GMT

Pivot Points

Markets Volatility