USD/CAD bounces off a three-day-old trend line support while flashing the intraday high.
200-HMA, one-week-long resistance line probe immediate upside.
Bears will target the yearly lows on fresh entries.
USD/CAD rises to 1.3183, intraday high of 1.3187, as markets in Tokyo open for Monday’s trading
At 8:15 am ET Tuesday, Canada housing starts for July have been released. After the data, the loonie changed little against its major rivals.
The loonie was trading at 1.5657 against the euro, 79.81 against the yen, 0.9544 against the aussie and 1.3287 against the greenback around 8:20 am ET.
After struggling three straight days to reach an agreement over the long-term budget and the coronavirus recovery fund, the European Council President urge the leaders to make the one last push and break the deadlock on the ‘mission impossible.”
Michel said: “My hope is that we reach an agreement an
A Georgia resident and his Florida-based company have been charged of registration violations and misappropriating $890,500 of customer funds though illegal, off-exchange precious metals transactions.
The CFTC filed its civil enforcement action in a Florida court against The Alista Group
WTI fades upside momentum from $40.69 but remains positive for the third day in the week.
Risk reset confronts OPEC fears of the inventory overhang, easing output cut.
Baker Hughes US Oil Rig Count, US dollar moves will be the key.
WTI eases from the intraday high of $41.01 to $40.96 as Tokyo opens
Japanese data for the week has started to arrive today but has limited impact on the Japanese yen.
The data has arrived as follows:
Japan May Retail Sales
Retail Sales fall 12.3% year/year - govt.
Japanese retail sales shed 12.3% in May from a year earlier, compared with a median market forecast
Denmark's consumer confidence improved sharply in June, mainly due to the improvement in households' assessment of the general economic situation and an increased desire to buy, survey data from Statistics Denmark showed on Monday.
The consumer confidence index increased to -3.1 in June from -8.8 in
The dollar was mostly lower against major currencies on Tuesday, ahead of the Federal Reserve's monetary policy announcement. The Fed is scheduled to state its policy tomorrow, at the conclusion of its two-day meeting.
The Fed is unlikely to announce any significant policy changes, although traders
AUD/USD Technical Analysis
AUD/USD has been rising through a steep rally last few months. It has now hit a strong brick wall (zone) of psychological level 0.70 and price action resistance 0.70270. After this big rally, it is prudent to expect profit booking and the break
Asia is off to a rollicking start to the week with equities performing strongly and currency markets rotating out of haven US Dollars. The turbocharging of bullish sentiment this morning has multiple drivers starting with President Donald Trump. Although scenes showing numerous riots across the USA
Economic data to be released next week in the US includes April’s CPI. According to analysts at National Bank of Canada, the headline inflation likely dropped sharply in April.
“In the U.S., the release of March’s CPI data will be watched closely. While an economic downturn usually trans
June Brent traded up with nary a settlement risk to be seen as the contract was taken off the board overnight. For July Brent, the new front month is trading up towards $27 and its discounted cousin, July WTI, moving in on $22.
Lovely bounce off the lows for June WTI this week as the change in the d
Here is what you need to know on Thursday, April 30:
April is ending with a bang with markets digesting comments from US President Donald Trump and the Federal Reserve's decision. Events are coming thick and fast with top eurozone data, the European Central Bank's decision, and weekly jobless claims