Three centra banks will set the market in motion this week. The USD is under pressure after the weaker-than-expected NFP. ETH/USD is testing highs.
Tag - cad - canadian dollar
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.
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!
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.
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.
The main events of the week are Non-Farm Payrolls (NFP) on Friday and the OPEC meeting on Thursday. Watch the video to get the fresh outlook for currencies, stocks, & commodities for the June 28- July 02 trading week!
The day of the Federal Reserve has finally come! What are the technical levels ahead of the meeting? What scenarios are there? Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/JPY, gold, and oil!