FED: March Economic Projections: Higher Inflation, Weaker Growth, Same Rates
Mar-14 21:28
The MNI Markets Team's expectations for the updated Economic Projections in the March SEP are below....
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ASIA STOCKS: Coming Up In The Asian Session On Thursday
Feb-12 21:25
| 0300GMT | 1100HKT | 1400AEDT | South Korea Dec Money Supply |
| 0345GMT | 1145HKT | 1445AEDT | Thailand Jan Consumer Confidence |
| 0700GMT | 1500HKT | 1800AEDT | Philippines Feb BSP Overnight Borrowing Rate |
ASIA STOCKS: Coming Up In The Asia-Pac Session On Thursday
Feb-12 21:23
| 2145GMT | 0545HKT | 0845AEDT | New Zealand Jan Card Spending Retail |
| 2205GMT | 0605HKT | 0905AEDT | US Fed's Waller Speaks on Stablecoins |
| 2350GMT | 0750HKT | 1050AEDT | Japan Jan PPI |
| 0000GMT | 0800HKT | 1100AEDT | Australia Feb Consumer Inflation Expectation |
| 0000GMT | 0800HKT | 1100AEDT | Australia to Sell A$150 Million 2.5% 2030 Inflation-Linked... |
| 0001GMT | 0801HKT | 1101AEDT | UK Jan RICS House Price Balance |
| 0110GMT | 0910HKT | 1210AEDT | Japan Rinban Operations |
| 0200GMT | 1000HKT | 1300AEDT | New Zealand 1Q 2Yr Inflation Expectation |
| 0300GMT | 1100HKT | 1400AEDT | South Korea Dec Money Supply |
USDCAD TECHS: Support Remains Intact For Now
Feb-12 21:00
- RES 4: 1.5000 Psychological round number
- RES 3: 1.4948 High Mar 2003
- RES 2: 1.4814 High Apr 2003
- RES 1: 1.4600/1.4793 Round number resistance / High Feb 3
- PRICE: 1.4309 @ 16:16 GMT Feb 12
- SUP 1: 1.4270 Low Feb 5
- SUP 2: 1.4261 Low Jan 20 and a key support
- SUP 3: 1.4178 High Nov 6 ‘24
- SUP 4: 1.4120 Low Dec 11
USDCAD is trading in a tight range and closer to recent lows. For now, the latest move down appears corrective and the primary uptrend remains intact. The Feb 3 cycle high reinforces and strengthens bullish conditions. The break higher confirmed a resumption of the uptrend and opens 1.4814 next, the Apr 2003 high. Key support to watch lies at 1.4261, the Jan 20 low. A clear breach of this level would alter the picture and signal a reversal.
