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The correlation between US oil and USDCAD is an assumed common, negative relationship; but this Dollar-pair is one of the less responsive pairs to recent CPI volatility
USDCAD’s violent reversal this past Friday amid US and Canadian employment data led to a clear break of trendlines support and the 100-day SMA
There are two themes USDJPY watchers should keep particular focus on: carry trade potential and risk appetite trends which don’t always line up for this pair
Today’s trade has been a marked downshift in activity - and certainly direction - but the technical support in the vicinity likely has less to do with the shift than broader liquidity conditions
Investors’ speculative appetite still represents a significant influence in the benchmark crypto, but is the feedback loop strong enough for top event risk ahead to break BTC from its range?