All eyes are headed toward the Bank of Canada today. Estimates point to no change both for the main rate and the ongoing QE which stands at $3B weekly.
Tag - usd
The greatest sale of Bitcoin continues! It has approached the psychological mark of $30,000. The traders’ focus remains on Thursday’s report on US inflation.
EUR/USD managed to recover some of its last week’s decline, rising for the 2nd day in a row (Friday & Monday). However, such upside momentum is unlikely to continue.
While traders wait for the US inflation figures due on Thursday, EUR/USD, GBP/USD, USD/JPY, and XAU/USD are ruled by support and resistance levels…
The US Jobs Report could be considered as a disappointing report, excluding the wages growth which keeps the fears over inflation.
News for the USD, the GBP, the Australian dollar, and some other assets
Don’t expect to relax after a super volatile previous week! The market is getting ready for yet another roller-coaster!
USD/CAD managed to advance further yesterday breaking above 1.21, reaching as high as 1.2128 earlier today, while our long signal that was issued at 1.2060 is now in profit with over +60 pips.
The US dollar rose on Thursday after America released a strong ADP employment report and better-than-expected unemployment claims…
The news on upcoming tapering by the Federal Reserve pushed the American currency higher…
USD/CAD declined once again to the same support area between 1.2040 and 1.2020 which remains solid for over three weeks now.
Non-Farm Payrolls are published on June 4, 15:30 GMT+3.