USD/CAD declined once again to the same support area between 1.2040 and 1.2020 which remains solid for over three weeks now.
Tag - usd
Non-Farm Payrolls are published on June 4, 15:30 GMT+3.
OPEC+ nations decided to stick to gradual production increases and gave a positive outlook for oil demand. Brent rose to the highest levels since 2019 on Tuesday.
OPEC-JMMC Meetings take place on June 1 during the day.
This week we expect the OPEC+ to move the oil prices, while the focus of majors' traders will be on the NFP
Chinese figures weren't too impressive. It's a bank holiday in the United States and Britain. Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/JPY, XAU/USD, and oil!
The RBA Rate Statement comes on June 1, at 07:30 GMT+3.
The market is preparing for an active week. Have a look at the trading instruments with the most interesting potential!
The US Dollar Index tested the higher line of its downtrend channel on the daily chart but failed to breakout, following the disappointment of the 2nd reading of Q1 GDP.
US unemployment claims fell to the pandemic low. Joe Biden will unveil a $6-trillion budget on Friday. In the meantime, Bitcoin was hit after negative comments from one of the central bankers.
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
After reaching key psychological levels, the gold price and the S&P 500 ceded some of the gains to cool down. However, they are still following bullish trajectories.