
PepsiCo will publish its financial results for the first quarter of this year on April 15 at 13:00 MT. Be prepared!
Don’t waste your time – keep track of how NFP affects the US dollar!
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The Canadian dollar started this week with the positive footing. What’s the reason?
Despite fears of the second coronavirus wave, the risk appetite has come back on the market as most countries are easing their lockdowns. In addition, most economic indicators turned out better than expected, what gave a clear signal to investors that the global economy is recovering. As a result, oil prices rose on encouraging prospects and increased oil demand. In fact, today crude oil prices reached levels unseen since the coronavirus outbreak. The commodity-sensitive Canadian dollar followed the overall flow and surged too. However, if oil prices get stuck at the current level of $40, there won’t be any motivation for the further CAD growth.
Recently, the US dollar has shown a downward trend. The World Health Organization published the record daily increase in new coronavirus cases on Sunday. Surprisingly, most investors preferred gold to the US dollar in search for the safe-haven investment. If USD continues following this trend, CAD will gain.
The USD/CAD met the strong support at the 200-day moving average at 1.3475. If it manages to break it down, it will clear the way towards the 3-months low at 1.3375. Nevertheless, if bulls get stronger, the pair will rise to the resistance at the week-high at 1.3630. The move above this level may push the price up to the 100-day moving average at 1.3780. Follow news and catch the market movement!
PepsiCo will publish its financial results for the first quarter of this year on April 15 at 13:00 MT. Be prepared!
Coca-Cola reports its quarterly earnings for the first quarter of 2021 on April 19, 12:30 MT time. What will be the possible impact on the stock price?
Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.
Ichimoku Kinko Hyo GBP/JPY: The pair is trading above the cloud…
PepsiCo will publish its financial results for the first quarter of this year on April 15 at 13:00 MT. Be prepared!
Ichimoku Kinko Hyo GBP/JPY: The pair is trading above the cloud…
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