France Consumer Confidence above expectations (88) in January: Actual (91)

Jan 29, 2019

USAD/CAD struggles to build on the overnight rebound, consolidates in a range around mid-1.3200s

• The USD continues to be weighed down by dovish Fed expectations. • A modest pickup in oil prices underpin Loonie and exert some pressure.

Karen Jones, analyst at Commerzbank, suggests that GBP/USD yesterday had a 13 count on the 240 minute chart and very near term is correcting lower. K