Instrument NameCanadian Dollar/U.S. DollarInstrument Symbol(CADUSD)

Instrument ExchangeFOREX

Stocks were higher this week with SP500 futures trading close to 4100 area; still, a strong potential technical resistance where we are aware of a new turndown, especially if USD will recover. One of the reasons for higher stocks last week came after BoC announced a pause with interesting rate hikes, and usually, this BoC was one of the first banks with policy changes.

The dollar index (DXY00 ) on Friday rose by +0.07%. The dollar Friday posted modest gains, supported by higher T-note yields. Also, Friday’s U.S. reports showed the University of Michigan Jan consumer sentiment climbed to a 9-month high, and Dec pending home sales unexpectedly increased, which were bullish for the...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.50%. U.S. stock index futures this morning recovered from early...