
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
At the moment, USD/CAD experiences strong tensions between buyers and sellers. The pair is trading above the 100-day MA at 1.3067. If the BOC approves the higher rate, the pair will fall below the Pivot support at 1.3050 to the next support at 1.3011 (50-day MA). Otherwise, the pair will move up to the resistance of the downward channel at 1.3117.
This news supported the Australian dollar. As a result, AUD/USD moved up towards the resistance at 0.7121. However, the strong US dollar pushes the pair back below the support at 0.7083, downwards to the next support at 0.7050.
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!