The ECB and the euro: surrounded by skeptics
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
USD/CAD is down by more than 80 pips on better-than-expected jobs data
Besides the trade optimism, the jobs data supported the Canadian dollar today. The level of employment change advanced by 53.7 thousand jobs (vs. the 11.2 thousand expected), while the unemployment rate fell to 5.5% (vs. the forecast of 5.7%).
Positive figures pulled the USD/CAD lower. The pair has fallen below the 200-period SMA and tested the support at 1.3206. The next support for the pair lies at 1.3197. In case of a breakout, sellers will pay attention to the 1.3176 level. From the upside, the first resistance level will lie at 1.3229. After that, it is recommended to pay attention to the resistance at 1.3247.
Similar
Will the BOC bring a challenge to the CAD traders?
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
Important events this week will bring us
This week will bring us central bank statements and important economic indicators related to the main currency pairs. Read on to see which ones will be affected.
Latest news
The ECB and the euro: surrounded by skeptics
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Trump, Davos, USA
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.
NETFLIX stock: overvalued or not?
Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
Deposit with your local payment systems
