Last Friday’s NFP was disappointing. The reaction of the markets was astonishing. Will it last longer? Let's find out the main trade opportunities for the upcoming week.
Tag - cad - canadian dollar
The Asian stocks strengthened during the Asian market session, as well as the Antipodean currencies…
The market is experiencing the second day of risk-on moods, the NZD has improved on the better-than-expected data and stocks gained.
Follow the key levels for EUR/USD, USD/CAD, and oil!
Latest news: 1…
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
Weekly update for EUR/USD, USD/CAD, gold, and stocks
After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.
Traders were shocked by the US inflation figures and now await the testimony of the Fed’s Chair Jerome Powell. The NZD jumped after the RBNZ meeting, while the CAD awaits the meeting of the Bank of Canada.
The Bank of Canada will publish a rate statement and update on the interest rate on Wednesday, at 17:00 MT time.
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
Traders await the US inflation data, oil's dealing with OPEC+ uncertainty, the earnings season starts in America, while New Zealand's and Canada's central banks will set policy.