ONLINE FOREX BROKER
2020-06-16 • Updated
The fundamental layout for USD/CAD suggests a continuous appreciation of the USD against the CAD. At least, this has been the case for the last 10 years, and it makes sense: in a normal state of expansion, the US economy is much stronger than the Canadian, and the latter depends on the US consumption. That’s why, although the currency pair has been going sideways in the channel 1.2960 – 1.3360 just as we see on the left side on the chart, it is a part of a larger uptrend.
At the same time, the heights at which USD/CAD has been trading in February-May (mostly above 1.3860) are not a “natural” baseline channel where USD/CAD would come following the long-term trend. Rather, it was pushed there “superficially” by fearful investors who were mostly trading risk-off during the fiercest months of the virus crisis. Now, as global infection rates decrease, there is no solid ground for such an inflated drive upwards for USD/CAD – hence the mid-term downturn we see. The latest bullish episode with a leap from 1.3360 to the current 1.3653 just confirms this assumption: USD got appreciated on the second wave fear; once it gets dissipated, it will get descend to get into a slower, almost sideways-looking ascension.
The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
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