USD/CAD holds in narrow range around 1.37. Economists at Scotiabank analyze the pair’s outlook. Support 1.3675/80, Resistance 1.3735/40 Firm jobs data
Firm jobs data Friday may add to market conviction around another hike and should add to CAD support.
It remains to be seen where the market closes out the day but an inside range session or ‘doji’ candle signal would support the idea of a stall out in the USD rise and raise the technical risk of a correction.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD gained traction and rose above 1.0500 following a quiet Asian session on Wednesday. Ahead of the ADP private sector employment and the ISM Services PMI data from the US, the US Dollar stays on the back foot and helps the pair stay in positive territory.GBP/USD reversed its direction and stabilized in positive territory above 1.2100 after falling below 1.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
USD/CAD: A return to the early September high near 1.37 is a realistic riskUSD/CAD moves sharply back to the 1.36 area. Economists at Scotiabank analyze the pair's outlook. Support aligns at 1.3520/1.3525 Solid USD gains on F
Lire la suite »
USD/CAD jumps to near 1.3600 as US Dollar recovers, Fed Powell’s speech eyedThe USD/CAD pair moves vertically to near the round-level resistance of 1.3600 in the late European session. The Loonie asset strengthens as the US Do
Lire la suite »
USD/CAD: Loonie could extend its gains over the near termEconomists at HSBC expect the CAD to strengthen further against the USD over the near term. CAD could capitalise on high Oil prices We see the CAD str
Lire la suite »
USD/CAD climbs to 1.3700 neighbourhood, highest since March on sliding Oil prices/bullish USDThe USD/CAD pair builds on last week's solid bounce from the vicinity of the very important 200-day Simple Moving (SMA) support near the 1.3400 mark a
Lire la suite »
USD/CAD: The risk of a spike is highThe Canadian Dollar advanced in September which was notable given the broad US Dollar strength. Economists at MUFG Bank analyze Loonie’s outlook. CAD
Lire la suite »
USD/CAD trades higher near 1.3710 on market caution, downbeat Crude pricesUSD/CAD traces the upward path on the fourth successive day, trading higher near 1.3710 during the Asian session on Wednesday. The pair is experiencin
Lire la suite »