|Day's range||1.352 - 1.359|
|52-week range||1.2919 - 1.4667|
USD/CAD breached the support at 1.3730 and moved closer to 1.3600.
While the economic calendar is on the busier side, Trump’s news conference will be the main event, which is testing risk sentiment early on.
USD/CAD managed to settle below 1.3800 but received material support at 1.3730.
The U.S Dollar is in action later today, with the weekly jobless claims and durable goods orders in focus. There’s also Trump and Beijing to consider.
The direction of the June U.S. Dollar Index into the close on Wednesday is likely to be determined by trader reaction to yesterday’s close at 98.906.
USD/CAD is trying to settle above 1.3800 as demand for safe haven assets provides support to the U.S. dollar.
As market jitters over the U.S and China resurface, the ECB and the EU Commission will be in focus later this morning…
USD/CAD breached the major support level at 1.3850 and settled closer to 1.3800.
It was a solid start for European stocks this morning as growing optimism around the reopening of economies outweighed fears over escalating U.S.-China tensions.
The markets continue to move northwards. Who needs geopolitical risk, when you have hope? The big question must be whether it can continue…
It’s “risk-on” this morning as the markets continue to brush aside U.S – China tensions. Economic data later in the day will garner some attention, however.
USD/CAD fell back below 1.4000 as oil managed to rebound after sell-off on Friday.
Economic data puts the EUR in focus, while geopolitics and COVID-19 news and numbers will also influence on the day.
USD/CAD rebounded above 1.4000 as the U.S. dollar gains ground on increased demand for safe haven assets.
Retail sales figures will give the Pound and the Loonie direction, with the ECB minutes also in focus. Trump’s Twitter account could be the key driver, however.
Private sector PMIs and U.S jobless claims put the EUR, the Pound, and the Greenback in the spotlight. Numbers out of Japan were not inspiring…
It’s a busy day ahead. The FOMC minutes late in the day will draw plenty of attention as market optimism of an economic rebound lingers.
It’s a busy day ahead on the economic calendar. There is also geopolitics to consider with over the course of the day.
Oil prices are on the rise and COVID-19 numbers are on the decline as governments ease lockdown measures. it’s “risk-on” early in the day.
USD/CAD stays close to 1.4100 as the U.S. dollar strength against a broad basket of currencies is balanced by oil price upside.