United States MBA Mortgage Applications climbed from previous -6.7% to 25.5% in October 2

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Oct 7, 2015

GBPUSD trading tough, supported by the strong data – BBH

Research Team at BBH, suggest that the Sterling has gained 0.5% today to $1.5310 to test the 20-day (and 200-day) moving average supported by the strong data sets.

USDCAD: Searching for the bottom – TDS

Ned Rumpeltin, European Head of Currency Strategy at TD Securities, notes that the USDCAD pair has traded through support at 1.3013 this morning, but spot has bounced fairly abruptly off of 1.2993 – a level that is consistent with the congestion zone seen during July and August and this comes despite interest rate differentials that continue to ratchet in Canada’s favor and a fourth consecutive day of higher oil prices.