And there it goes again. I'm liking the soft dollar however recent events in Canada could also spark weakness in the CAD. I will continue to monitor this pair as it seek to move close to the Fib of the current move to the downside.
Event Risk Thursday, May 12, 2016 07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0% 07:30 USD Import Price Index (MoM) (Apr) 0.5% 0.2% 07:30 USD Initial Jobless Claims 270K 274K 07:30 CAD New Housing Price Index (MoM) (Mar) 0.1% 0.2%