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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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USD/CAD on one-week highs after US data points The US dollar advanced to levels close to its highest point in one week against the Canadian counterpart on Thursday, following the release of mixed reports out of the United States.USD/CAD rose to a session high at 1.0324 at 14:18 GMT, […]
Gold trading outlook: futures steady around 4-month highs amid market volatility Gold held near the highest in four months on Monday as investors sought safety in the metal amid volatile markets and ahead of the European Central Banks policy meeting.Comex gold for delivery in February was down 0.02% at $1 276.6 per […]
Crude oil trading outlook: WTI and Brent futures steady ahead of US supplies report, more economic data WTI and Brent futures traded slightly higher during early hours in Europe today, ahead of the US weekly stockpiles report. Later today, the Eurozone will also post readings on GDP growth and services PMI, before an imperative interest rate […]
Forex Market: EUR/USD daily trading forecast Yesterday’s trade saw EUR/USD within the range of 1.1120-1.1178. The pair closed at 1.1167, gaining 0.11% on a daily basis and extending gains from Friday.According to Binary Tribunes analysis on historical volatility, the average intraday […]
Forex Market: USD/CAD daily trading forecast Yesterday’s trade saw USD/CAD within the range of 1.1731-1.1840. The pair closed at 1.1836, gaining 0.63% on a daily basis.At 7:44 GMT today USD/CAD was down 0.04% for the day to trade at 1.1830. The pair touched a daily low at […]
Hewlett-Packard earnings beat estimates, shares jump 8% in after-trade Investors, who had been worried that Hewlett-Packard would follow IBM, and disappoint in the last quarter, were surprised that HP had already included weakness in China and had performed well in other emerging markets.Shares in […]