USDCAD Technical Analysis – We are near a key resistance zone | Forexlive

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Fundamental Overview The lack of catalysts recently kept the US Dollar supported across the board despite the slowdown in momentum. The market might now be looking forward to the first weeks of November when we will get the key economic data, the FOMC decision and the US elections. There’s been also a good argument that […]

USDCAD Technical Analysis – We are near a key resistance | Forexlive

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Fundamental Overview Yesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction. The first is that at the same time of the US CPI release we got the US Jobless Claims figures which jumped to the […]

USDCAD Technical Analysis – Waiting for a breakout of the range | Forexlive

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Fundamental Overview On Wednesday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with the dot plot showing two more 25 […]

USDCAD Technical Analysis – The US data led to an upside breakout | Forexlive

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Fundamental Overview The USD came back with a vengeance last Friday following the strong US NFP report where the data surprised with solid job and wage growth. There were also negatives like the uptick in the unemployment rate, but all in all, we can say that it was a good report. The data triggered a […]