
USD/CAD continues dipping. Follow US jobless claims and the speech of Fed’s Powell!
2020-07-20 • Updated
EU members will meet today for the fourth day of talks. According to Bloomberg, EU countries such as the Netherlands, Austria, Denmark and Sweden are ready to agree on a key plank of the deal. 390 billion euros of the fund should be invested as grants and 360 billion euros – as low-interest loans. It gave the euro a strong impetus to the upside.
The overall market sentiment is still mixed. New coronavirus cases are still climbing up. However, some hopes for a soon vaccine appeared. Richard Horton, Editor of The Lancet, tweeted this on Sunday:
His tweet improved the market sentiment a little bit and weighed on the safe-haven US dollar, as well. Of course, there are some fears that the EU meeting may end today without the final agreement. That would push the Euro to the downside, but now everything seems to go according to the plan.
The euro has shown the great performance since the coronavirus outbreak happened. It has managed to rise from 1.0656 to almost 1.1450 for over 4 months. Today it approached to the high of January 6, 2019 at 1.1470. If it breaks it through, it will surge to the resistance at the key psychological mark at 1.1500. Support levels are at lows of July 17 and 18: at 1.1428 and 1.1385, relatively. Follow news further!
USD/CAD continues dipping. Follow US jobless claims and the speech of Fed’s Powell!
How may the USD be impacted by the impeachment process? Read and prepare.
Fed’s plans to cut bond-buying sent shivers down investors' spines. Let's find out why.
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
Have you seen the price of Mastercard plunge? An excellent tactical opportunity for bulls!
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.