EricaVillalon

The price of USDCAD have moved lower after the larger than expected draw in inventories in the current week. The price of Crude is trading up $1.96 or 3.37% at $59.80. The high for the day is up at $59.93. Looking at the daily chart, the price for the USDCAD is approaching the 61.8% of the move from the Oct. 2018 low to the December 2018 high at 1.31187. That is near the lows from Feb 25 and Feb 27 at 1.3112-17 respectively. The low just reached 1.3129.  The 2019 low for the USDCAD reached 1.3068 on Feb 1.  More Daily Thoughts @  https://www.wattpad.com/story/164264922-forex-trading-with-erica-villalon

The good news for the market tomorrow is that it’s free of Federal Reserve speakers, which proved to be  a bummer for stocks  today. After two disappointing economic indicators today in new home sales and consumer confidence, tomorrow brings the latest durable goods figures. And investors should keep an eye out not just for the earnings number from KB Home, but for the commentary. There should be a glimpse of whether the current low rates are starting to bring in more home buyers. That’s not showing up in the government housing data just yet. Here are three things that could rock markets tomorrow. 1. Durable Goods on Tap Durable goods orders will be the focus for the market before the bell. The Commerce Department will report May orders for goods lasting three years or more at 8:30 AM ET (14:30 GMT). Durable goods orders  are expected to come in flat after following a 2.1% decline in April, according to economists’ forecasts compiled by Investing.com. Core durable

The dollar was on the back foot on Monday after sustaining its biggest weekly drop in four months last week as traders remained cautious about the prospects of trade talks between the United States and China at this week's G20 summit. The greenback has been on the receiving end of a broad market selloff in major currencies as global central banks led by the U.S. Federal Reserve signaled a dovish outlook on monetary policy due to growing signs of a weak global economy. The dollar fell 1.4% against other currencies last week, its biggest weekly drop since mid-February. On Monday, it edged 0.1% lower to 96.11. But the selloff has raised concerns that markets have turned excessively bearish against the dollar, especially since the Fed has the most room to cut interest rates relative to its peers, such as the European Central Bank, where rates are already in negative territory.    More on FX and General information   https://www.behance.net/ericavillalon ,  https://www.dail

AUD/USD made a quick trip down to 0.6850 from 0.6865. The drop came on stop loss selling after a break of the May low of 0.6861. I'm surprised to see levels broken ahead of the FOMC and would be more surprised to see any significant follow through. The market seems to be treading water until we find out which way Powell will go. That said, the RBA minutes are due at 0130 GMT so there are some AUD risks around that. Any US-China trade headlines could also weigh. With the break, AUD/USD is once again threatening the January flash crash low