Today is one of the lowest volatility days of the week. In the morning, we observed a calm on the market. In Japan today is a day off. As for macroeconomic reports, in the first half of the day we can expect only the publication of the index of industrial orders in the UK, which is unlikely to significantly affect the value of the pound, which is under pressure due to the uncertainty with Brexit.
The second half of the day will be more active. The Canadian dollar remains the focus of investors' attention. Earlier, it received support due to the preliminary results of the parliamentary elections. Most likely, the ruling liberal party will win the election and Justin Trudeau will retain the post of Prime Minister. The Canadian retail sales index is also expected to be published, but that's not all for the CAD. Given information about progress in the trade negotiations between China and the US, the CAD as a commodity currency may receive some support due to the growth of the demand for risky assets.
USD can also strengthen today, being the number one risk asset. In addition, today investors expect a report on the secondary real estate market. Also, late in the evening, data on the weekly oil reserves in the United States will be published.
