Canadian Dollar Forecast: Loonie Fights to Take Flight - Setups for CAD/JPY, USD/CAD
CAD/JPY rates have broken out higher, while USD/CAD rates may be ready to probe fresh lows.
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CAD/JPY rates have broken out higher, while USD/CAD rates may be ready to probe fresh lows.
(MENAFN - DailyFX) Equities charged higher across the globe this past peek as the ‘risk-on' tone in financial markets continued recovering after some choppiness in late January. On Wall Street , the Dow Jones, S & P 500 and Nasdaq Composite climbed 1.00%, 1.23% and 1.73% respectively. Meanwhile, the FTSE 100 and Nikkei 225 advanced 0.94% and 2.72% respectively. The rosy mood certainly made its way into foreign exchange markets, where the anti-risk US Dollar and similarly-behaving Japanese Yen were some of the worst-performing G10 currencies. Meanwhile, the growth-oriented Australian Doll...
Canadian Dollar Forecast: Declining Infections, Oil Prices to Buoy CAD 2021-02-11 07:30:00 Daniel Moss, Analyst Canadian Dollar, CAD/JPY, USD/CAD, Crude Oil, Coronavirus Infections – Talking Points: The US Dollar continued to lose ground during APAC trade after last night’s underwhelming CPI figures. Falling Covid-19 cases and resilient oil prices may underpin the Canadian Dollar. CAD/JPY poised to extend recent gains while USD/CAD is eyeing a push to retest the yearly low. Advertisement Asia-Pacifi...
The two major AUD-crosses have been trading in bull flags in recent weeks, but the consolidations may soon be finished.
Euro Dollar Forecast: EUR/USD Bullish or Bearish Amid Major Events EUR/USD Price action remains at the mercy of risk sentiment Moving Averages provide additional support and resistance for the pair EUR/USD prices continue to trade within the rising channel preceding an array of high impact economic events scheduled to take place throughout the course of the week. Advertisement Although the prospects of a Covid-19 vaccination appear to be promising, the discovery of new variants combined with a rollout that has lagged behind the promises of the Trump administration, have h...