EUR supported by the European Commission
The EUR made a significant rise on the news of the stimulus expansion. Will it last long?
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
NZD/USD: testing tactical support
The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
The US inflation: getting worse?
The US CPI and core CPI are due at 15:30 MT time on May 12.
Latest news
All eyes on Canadian GDP
Canadian GDP growth will be released on Friday, May 29, at 15:30 MT time.
The key release for the AUD
Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time.
EUR supported by the European Commission
The EUR made a significant rise on the news of the stimulus expansion. Will it last long?
Deposit with your local payment systems
