The most important events of the last week of November
Tag - cad - canadian dollar
Several indicators for the American economy, consumer reports for the UK and Japan, European business confidence and the Canadian monthly GDP growth rate are expected this week.
GBP/CAD met resistance ahead of 1.7285 and formed a “shooting star” on the weekly chart.
EURUSD is to confirm the upward trend, USDCAD is preparing for the pressure down, and GBPUSD is in a sideways movement
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
Traders worry that the US-China trade deal will take place only next year. Watch the video to see how this affects the major currency pairs!
EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.
Market players keep worrying about the US-China trade deal. Watch the video to discover the outlook for the major currency pairs!
The US dollar is under pressure down, the Canadian dollar is in the correction.
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The monetary policy statements by different major banks will be released, while we are awaiting more details regarding the US-China phase one trade deal.
The Canadian year-on-year inflation rate will be released at 15:30 MT time on November 20.