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Dec 21, 2020 09:02 GMTFXStreet News USD/CAD rebounded from Thursday’s two-and-a-half year low at 1.2688, closing the week at 1.2781. However, several fundamental trends support continuing gains for the Canadian dollar while technical indications point down as well, according to FXStreet’s Analyst Joseph Trevisani. Key quotes “The fundamental inclination of the USD/CAD is lower, based on rising commodity prices as the global economy reignites, market disappointment with the US recovery and the lack of additional American stimulus.” “The Fed’s control of US credit markets and the ex...

12/14/2020 8:07:34 AM GMT | By FXStreet Team The narrowing range in the USD/JPY, start to finish last week was less than 10 points, and even the high and low registered just 75 points, evinces the market’s indecision. The pair has continued lower since the first week of November on momentum rather than from any conviction. USD/JPY is weak because its recent history has been weak not because there is logic to the cause, according to FXStreet’s Analyst Joseph Trevisani. Key quotes “There is no dollar advantage yet to be eliminated but there is no re...