4- hour chart shows that:

 USDCAD (weekly) has been moving sideways since the beginning of February. The proximity of the year 2009 high has caused the sideways move. I suggested in my analysis at the time that USDCAD should move above the latest highs as US economy is stronger than the economy in Canada. The fact that USDCAD has maintained the support well and has now created a weekly hammer candle at the support supports my view.

The number of Americans applying for unemployment benefits for the first time, increased from the previous week by 11 thousand, to 278 thousand, the U.S. Department of Labor reported.

Greece plans to submit Troika the document on the loan program extension, which is quite natural and logical, since the country is in the pre-crisis state. However, the authorities of Athens reject new austerity measures to stimulate the economy, though it is the main condition for lending. The parties may agree though, and the European currency may be supported.

In January this year, the number of jobs in the U.S. increased by 257,000. This is evidenced by the data provided by the Ministry of Labor. Economists surveyed by Bloomberg forecasted the figure to grow by 228 thousand. December data have also been adjusted, showing that the number of jobs increased by 329,000.

In December last year, trade deficit in the U.S. unexpectedly rose to the maximum. The deficit increased by 17.1 percent and amounted to 46.6 billion dollars. According to the adjusted data trade deficit in November was 39.8 billion dollars. Previously reported about 39 billion dollars.