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Dollar ends unchanged in holiday-thin North American trading
Market Review - 04/07/2020 02:15 GMT
Dollar ends unchanged in holiday-thin North American trading The greenback moved relatively narrowly on Friday as U.S. markets were closed for July 4th Independence Day holiday, price maintained a steady to firm undertone as rise in coronavirus cases in the U
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WTI remains depressed below $40.00 as traders await fresh clues
WTI extends the previous day’s U-turn from $40.59.
Upbeat PMI data, EIA inventory draw fail to underpin the oil prices.
Risk-tone also struggles for a clear direction despite escalate US-China tension and virus woes.
US NFP will decorate the economic calendar, qualitative catalysts to offer addition
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USD/CAD Price Analysis: Depressed below weekly resistance line under 1.3600
USD/CAD bounces off intraday low to snap the previous two-day losing streak.
1.3520/15 becomes the tough nut to crack for sellers, bulls can pierce 1.3600 on the break the said trend line resistance.
MACD teasing the bulls, 61.8% Fibonacci retracement adds to the downside support.
USD/CAD takes rou
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