Thursday January 17th, 2019

The UK government survived the no-confidence vote yesterday putting further strength to Sterling. The economic numbers for the US continue to show weakness and so the USD should trend lower from here.

CAD is also weaker this morning on lower oil prices and that weaker trend is expected to continue over the next few days as the Canadian and US economies show weaker numbers.

Important numbers due out today are US Jobless Claims which are expected to be slightly higher at 220k than the previous 216K due to the US government shutdown. Tomorrow will be Canada’s inflation rate, and US Industrial Production and Capacity Utilization.