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!
Tag - cad - canadian dollar
Traders were shocked by the US inflation figures and now await the testimony of the Fed’s Chair Jerome Powell. The NZD jumped after the RBNZ meeting, while the CAD awaits the meeting of the Bank of Canada.
Ichimoku Kinko Hyo CHF/JPY: The pair is trading below the cloud…
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.
USD/CAD is eyeing 1.2900. What’s next?
With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.
New COVID-19 cases globally have been on the rise lately, although it is too early to call them second waves in most countries.
Stocks futures rose on Monday, indicating a higher start to the first session of August.
USD/CAD reached levels unseen since the beginning of the year. ING considers the pair may fall further, but Bank of America warned that it may hit its bottom and reverse in the long run.
US markets are closed for Thanksgiving on Thursday, that's why the volatility falls. However, there are still some interesting movements!
XAG/USD: Silver stands above the 23.6% retracement area. An indecision still exists.
European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.