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Markets deciding on which way to go

By MoneyWay | May 25, 2021

Initially equity markets were up slightly and then down slightly and have moved back into positive territory again. Markets are looking for some form of direction, and today’s economic data didn’t help coming in as expected. It is likely that overall conditions will stay range bound.

The USDCAD is following the same parameters and will stay between 1.2000-1.2100 for the rest of the week.

                                Currently*          Close                     Range

USDCAD               1.2070                   1.2039                   1.2029-1.2078

EURCAD               1.4745                   1.4704                   1.4712-1.4780

GBPCAD               1.7050                   1.7041                   1.7027-1.7098

*Indicative Rates Only

                                                                                                               

Prior                      Actual

US:         New Home Sales April                                                    917K                      863K

                Consumer Confidence May                                         117.5                     117.2

                Case-Shiller Home Price Index March M/M           1.2%                      1.6%

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