Tag - cad - canadian dollar

There are a lot of movements in the currency market now - therefore, a lot of opportunities. Let's see how the USD trades against its peers and how to use that in the short-term.

The fears of a no-deal Brexit are looming…

Dow Jones ended lower following late-day selling Wednesday on signs of further Covid-19 restrictions in the U.S. that threaten the pace of the recovery, and an intraday reverse in Boeing. Asian bourses were mixed as the region partially shrugged-off the risk-averse mood that rolled over from US where early vaccine optimism faded amid COVID-19 concerns.

Global shares stepped back on Wednesday as soft U.S. retail sales increase worries that rising coronavirus cases could stifle a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs.

The vaccine news helped the risk-friendly Australian dollar, which climbed to a one-week high against its US counterpart.

Asian equities hit a record high on Monday as investors set aside fears about rising coronavirus cases and bought stocks, cheered by data showing a robust recovery in China and Japan. There are just mountains of cash sitting on the sidelines and big hedge funds know it.

U.S. stocks are seen opening higher Wednesday, with gains seen across all sectors as the optimism following the news of a workable vaccine for the Covid-19 virus persists.

Democrat Joe Biden inched closer to winning the White House while President Donald Trump escalated his unprecedented efforts to cast doubt on the election's integrity.

The odds of Trump re-taking the White House has risen quite substantially since yesterday. EUR/USD have dropped on this nearly a figure to from the 1.17's to 1.16's while now is trading in the middle of that range.

GBP/USD has just surpassed the hurdle at 1.3005

Last week saw many currency pairs reach September lows. This week will see the new US President announced, NFP, several central banks set their interest rates... and maybe some progress over Brexit. Pretty loaded, right?

U.S. stock markets are set to open with a modest bounce after their worst day in over a month on Monday.