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US ISM manufacturing amongst market movers today – Danske Bank

According to Danske Bank analysts, today's data highlight is US ISM manufacturing.

Key Quotes

“ISM manufacturing is weak but the regional indices and the Markit PMI manufacturing index point to an increase. We will also keep a close eye on the employment sub-index, which has been quite weak recently.”

“ECB President Lagarde appears at her first Parliament hearing today after her term began in November. We do not expect any signs of monetary policy implications, but focus will be on the monetary policy strategy review.”

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USD/CAD Technical Analysis: Consolidates in a range around 200-DMA

The USD/CAD pair managed to regain some positive traction on Monday, albeit remained well within 70-75 pips trading range held over the past two weeks
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