It’s a new trading week and the Dukascopy TV team is back with another edition of the Movers and Shakers for Monday.
Sterling/Canada is the mover of the day with a decline of 1.13%. Sharpest slide took place after 9:20 AM.
US stock indexes have opened lower, but a commodity currency trio tops the table. Economic calendar is light and Canadian Dollar is the top advancer, followed by Australian and New Zealand Dollars.
Japanese household spending, unemployment rate and retail sales are all out later in the day and Yen is close to level with the Greenback.
There are two speeches by ECB President Mario Draghi scheduled today and upcoming Italian constitutional referendum will also most likely have impact on the Euro, which is mostly lower and followed closely by the Swiss Franc.
Then there’s a bit of a gap and Sterling wraps up the advancers and decliners table.
Moving on to longer term charts, Australia/Yen leads the weekly bulls table and it’s the only pair that has gained more than 3%. Euro/Australia is the top decliner, standing 1.55% in the red.
Sterling/Yen has had a bullish month and the pair has gained close to 10%. Euro/Sterling leads the bearish section with a slide of 4.52%.
I’m ___________ and that’s all for Monday’s Movers and Shakers. Check back tomorrow for the next review. Goodbye.
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