Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/CAD still contemplating 1.3600
Much earlier today the USD/CAD did finally manage to vault the 1.36 handle, but it was by no means a very convincing move. The high was at 1.3608 and it has edged back below 1.36 since. The rhetoric from the Bank of Canada was mixed yesterday and by no means certain of which way the Bank will go next time around. That said, there is no reason to see the CAD outperform the dollar in a relative way given that both Central Banks are now in the wait and see mode. Technically speaking, above 1.3579 (current 100 day moving average) there is room for another push on the topside. Lower oil prices should support such a move too, but right at this very moment, there is not much immediate demand it seems to see that play out in a hurry The USD/CAD is currently trading at 1.3594
Market News
All News-
USD/JPY slips after Fed leaves interest rates unchanged
The US Federal Reserve voting committee, the FOMC have just announced the outcome of their monetary policy decision. As expected, the Fed have left...
-
DAX also cadges a ride on Trump comments
The DAX has been under the hammer for most of the afternoon today, but the news reported in the previous update from the US President has also helped... -
US stocks hit session highs on Trump Russia/Ukraine comments-check out the S+P 500 now
The US president has just sent out some comments on his Truth Social platform. Those comments regard his hour long talk with the Ukrainian President...
