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The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.
Ichimoku Kinko Hyo AUD/JPY: The pair is trading below the cloud…
Much impactful news will come out! Read the article to get fresh trade ideas for the whole week!
Canada will reveal its jobless rate and employment change for June on July 9, 15:30 MT.
The US dollar keeps strengthening due to the fresh Covid-19 outbreaks in some parts of the world. By the way, the US NFP report will be out already this Friday!
The main events of the week are Non-Farm Payrolls (NFP) and the OPEC meeting. Jump in and get fresh trade ideas for the whole week!
USD/CAD mas managed to leave the range. The pair is now targeting higher levels.
The traders’ focus remains on Thursday’s report on US inflation, which may push the Federal Reserve to start discussing tapering bond-buying.
What is better to trade on the week of May 10-14?
Oil prices surged Wednesday, with a sharp fall in US crude stockpiles adding to increased optimism the reopening drives in Europe and the US will boost overall fuel demand.
Read the tech analysis of CAD/JPY, GBP/JPY, and gold!
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