The tension came back to the markets, towards the announcement by the Bank of England on the economic plan after the referendum to leave the EU.

The Purchasing Managers’ Index in China , which examines the activities of small and medium business services sector climbed in June to 52.7 points, compared with 51.7 in May, this is the biggest gain in 11 months.

The trading on the European stock markets is conducted with price declines.
decreasing of 0.7% in London, Frankfurt going down by 0.8%, Paris weakened by 0.7%.

The price of the Gold went up in trade by 1.2% and traded for 1,345 dollars an ounce.
A record of more than two years which was recorded in March 2014.

Expectations that central banks in Asia and Europe will provide incentives for the economy.
Global funds already poured $ 750 million into shares in emerging markets in Asia this month, in view of expectations that the Federal Reserve will not going to raise the interest rates this year.

Long term future trade

USD/CAD

On a weekly chart we can see that the last main move of the pair was a down move.
Over the last two months there was a technical correction which came after the big drop.

On a daily chart we can see that this technical correction reflected in creating a triangle pattern.

What we are waiting for?
Our first target is to see the pair continue to move down to break the lower triangle line.
As soon as the pair will break below the price level of 1.2800, it will be our signal of entering with the main downtrend.

For Forex traders:
Sell between the levels of : 1.2800 – 1.2750.
Stop loss point : 1.3200.
Take profit point : 1.2000.

For Binary options traders:
A put option between the levels of : 1.2800 – 1.2750.
Expiry time : August 30

The recovery in the markets continues with a positive start of the trading day in Europe.
There will be no trading today on Wall Street on the occasion of the American Independence day.

A positive opening on Wall Street is expected.
The futures contracts on the leading indices traded in New York at this time are rising by 0.2%.

The IMF said today that Britain’s anticipated departure from the EU pose is a risk to the German economy, and thus signaled that it will correct downwards its growth forecast for Germany.

Japan’s industrial output fell unexpectedly in May.
The output fell by 2.3% compared to the previous month, the first decline in three months.