Navigate Up
Sign In

All eyes on Trump’s first press conference since July

Posted on: January 11, 2017

Fasten your seatbelts, everyone, as today is the first press conference for The Donald as President Elect. Those searching for volatility are hoping today brings a little more excitement than the last few days, as the market has felt like it is still in holiday mode. Despite the serious and also hilarious allegations circulating about his ties to Russia, one hopes that he uses the press conference to address concrete policies his administration will have.

USDCAD has been contained in a tight range over the past few sessions, as good domestic data battles declining oil prices. Later this morning we have the EIA inventory report where the market is expecting a small build, a large miss in either direction could influence direction today.

For USDCAD today, key levels continue to be the uptrend channel support, sitting around 1.3170. If this breaks the market could test 1.3100 quite quickly. I look to buy dips below 1.3200 today with stops below 1.3160, however Trump’s comments should be monitored closely for changes in direction.

Happy Trading!

  • Yesterday’s NA Range 1.3192– 1.3251
  • Asia Overnight Range 1.3225 – 1.3255
  • London Overnight Range 1.3216– 1.3254

​​

Most Recent Market Updates

November 20, 2017

Natural gas gains 4.4 cents

NYMEX natural gas climbed 4.4 cents higher on Friday.

November 20, 2017

Crude gained $1.41

Crude prompt futures gained $1.41 on Friday to close the day at $56.55.

November 17, 2017

Natural gas falls 2.7 cents

NYMEX natural gas continued it’s decent on Thursday.

November 17, 2017

Crude prices slide $0.19

Crude prompt futures traded in a 69 cent range.

November 17, 2017

USDCAD range bound as Canadian CPI uneventful

Domestically we saw the biggest release of the week a few minutes ago.

November 14, 2017

Natural gas loses 5 cents

Cold weather emerged over the long weekend in the US Midwest to East as anticipated.

1-888-404-4646

Talk to a specialist

GlassdooreSSENTIAL Accessibility™Diversity and Inclusion

About ATB | Contact Us | Find a Branch or ABM | Current Rates | Privacy and Security | Legal | Code of Conduct | Site Map | Supplier Resources

2018 ATB Financial. All rights reserved. ©ATB Financial is a trade name/registered trademark.

ATB Financial