EUR/CAD strengthened last week but ran into the resistance of the 100-day MA around 1.4675.
Tag - cad
This week we will see two rate statements by the major central banks, no changes in the interest rate are expected. Read more...
Market sentiment is positive, the USD remains under pressure, and the EUR awaits the speech of the new ECB president Christine Lagarde. Learn more about this and other trends in the currency market!
NZD/CAD testing 6-weeks resistance on November 1
USD/CAD shot up this week but met the resistance of the daily MAs in the 1.3200 area. Here’s also the 50% retracement of the October advance.
Traders drop the USD and wait for NFP. Learn more!
Have a look at the chart of CAD/CHF: the pair is testing daily moving averages.
Mixed reaction of the market to the US Fed, Bank of Canada and Bank of Japan interest rates releases
The Canadian dollar weakened significantly after the monetary policy decision by the Bank of Canada.
This week three major institutions release their respective interest rate decisions; we examine the conditions and consequences of each one
A big day for the USD!
During the summer months, EUR/CAD broke an important support line and traded with a bearish bias ever since.