Forex news for US trading on Oct 21, 2015:
– Gold down $9 to $1167
– WTI Crude down $1.07 to $45.22
– US 10-year yields down 4 bps to 2.02%
– S&P 500 down 12 points to 2018
The economic calendar was light on Wednesday except for the Bank of Canada but Poloz & Co delivered a trading opportunity after downgrading growth forecasts and pushing out the closure of the output gap. USD/CAD was slow to respond at first but eventually began to move higher and continued 120 pips from pre-BOC levels with only minor corrections along the way.