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Canada returns from holiday today
Canadian markets were closed on Boxing Day but will reopen today. That will give Canadian traders an opportunity to react to the madness in markets this week.
Oil ripped higher yesterday but is back down today. WTI fell as low as $44.92 but has rebounded to $45.58, up 65-cents on the day. S&P 500 futures are down 34 points to 2436.
Flows are going to be a major factor today as it’s the last day to trade stocks for settlement ahead of year end.
As for USD/CAD, the earlier high of 1.3633 was just broken so this is the highest since April 2017.
There is little resistance until the 2017 high of 1.3794.
This article was originally published by Forexlive.com. Read the original article here.