Analytics / Forex News
22:00 11 January /2017 Forex
Currently, USD/CAD is trading at 1.3177, down -0.38% on the day, having posted a daily high at 1.3295 and low at 1.3119.USD/CAD has been a volatile drop from aforementioned highs due to US yields dropping on the aggressive bid in the 10-year auction, an uncommon event that otherwise has little market effect, but on this occasion it was an outside move and coupled with Trump's lack of conviction or clarity during the presser and much of the same bloating and Trump bullishness rather than anything factual or concrete, he failed to deliver on fiscal policy matters that had otherwise been supporting the dollar on the markets pure speculation."The CAD is not correlating particularly well with anything at the moment; by our measure, most key CAD correlations are low (and have been weakening), suggesting the CAD's relative strength in recent days is flow-driven or technical in nature. Or it may be that the market is simply disengaged still after the holidays and the CAD will start to respect wide, USD-supportive interest rate spreads and the recent drop back in crude oil prices more obviously once trading volumes pick up, suggested analysts at Scotiabank earlier.For more analyses around Trump, see hereUSD/CAD levels, bearish below 1.3180With spot trading at 1.3177, we can see next resistance ahead at 1.3190 (Yesterday's Low), 1.3192 (Daily Classic S1), 1.3225 (Hourly 20 EMA), 1.3225 (Daily Classic PP) and 1.3227 (YTD Low). Support below can be found at 1.3156 (Daily Classic S2), 1.3133 (Monthly Low), 1.3123 (Daily Classic S3), 1.3119 (Daily Low) and 1.3117 (Weekly Classic S1). "Resistance remains 1.3275/80 and we look for the USD to improve above here. Below 1.3180 and technical risks for the USD deteriorate further," offered the analysts at Scotiabank.
The three main US indices closed lower on the last day of the week. The S&P 500, the Dow Jones and the Nasdaq all closed below their 50-period simple moving average. The S&P 500 Index dropped 0.90% to 2,670 while the Dow Jones Industrial Average DJIA lost 0.80% to 24,463 and the Nasdaq Compo
00:23 21 April /2018 Forex
The USD/JPY is trading at around 107.55 up 0.18% as bulls made an attempt to break above April 13 high in the late European session. The yen is stronger across the board on Friday. It is higher against the euro, the British pound, the Canadian dollar, the Australian dollar, the New Zealand dollar an
20:46 20 April /2018 Forex