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The USD/CAD is trading neutral at 1.3136, holding right above an immediate triple bottom support level of 1.3125 level. There are strong odds of bearish breakout as the the pair has formed a descending triangle pattern. Check out the forex forecast video to learn more about USD/CAD price forecast.
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Ford shares close lower on Thursday, lower sales and higher investment activity to pressure company’s first-quarter earnings Ford Motor Company (F) projects to earn less per share during the first quarter and to generate a lower pretax profit this year, as it spends more on commodities, warranties and investments, while at the same time, sales volumes […]
Forex Market: GBP/CAD daily forecast During yesterday’s trading session GBP/CAD traded within the range of 1.8216-1.8304 and closed at 1.8256.At 7:39 GMT today GBP/CAD was gaining 0.01% for the day to trade at 1.8252. The pair touched a daily high at 1.8260 at 00:30 […]
Euro Slips as Geopolitical Risk Lifts Dollar Haven Appeal Key Moments
EUR/USD retreats to around 1.1575, ending a three-session advance as the pair loses momentum in early European trading.
Heightened concern over US-Iran tensions and a reported vessel incident in the Strait of Hormuz […]
USD/CAD trades in proximity to 6-1/2 month highs amid reinforced speculations of Fed tapering The loonie, as the Canadian dollar is known, declined on Monday against its US counterpart amid bets the Fed might taper as early as next week. Speculations arouse that Fed officials, speaking later today may signal a Fed tapering is just […]
GBP/CHF bounces off 1 1/2-week low ahead of BoE, SNB policy calls The GBP/CHF currency pair has attempted a rebound from a 1 1/2-week low of 1.0612 on Thursday ahead of the outcome of the Bank of England’s and the Swiss National Bank’s policy meetings.The BoE is expected to leave its benchmark interest […]
USD/CAD with advance on US initial jobless claims and ISM manufacturing reports US dollar gained strength, advancing to session highs against its Canadian counterpart on Thursday, following the release of upbeat initial jobless claims and ISM Manufacturing reports out of the United States.USD/CAD reached the highest […]