- December 12, 2018
- Posted by: Joey Benedid
- Category: Market News
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Headlines from a WSJ article stating “CHINA WORKING TO REPLACE ITS MADE IN CHINA 2025 PLAN” have equity markets in positive territory with U.S. futures pointing to a higher opening as well. The dollar is generally weaker on the back of this and U.S. inflation data was benign garnering no emotion from the market. Volatility remains as markets switch direction on headlines and will continue as we head into pre-Christmas markets with liquidity becoming more of an issue daily.
USD/CAD is also lower as we are following general market sentiment with no significant Canadian data due out until CPI figures are released next Wednesday. Support on the day is seen at 1.3315 while resistance above is at 1.3420.