focused is good, at least it is in many fields of our daily lives, but in trading, it might hurt your trading performance. With the economy showing signs of contraction, government revenue may be less than expected, which could sour investors on the Canadian dollar. Canadian consumers continue to hold tight to the purse strings, which has dampened economic activity. Event Preview: Australias Jobs Report (February) by, gday forex mates! The pair bottomed.1378, now trading a handful of pips above the level, contained by buying interest aligned around the.6 retracement of the.1175/1.1447 rally.1380. USD/CAD daily chart with support and resistance lines. While price action was positive at the start of the week, gains were capped owing to cautious market sentiment as traders awaited speech from previous and current US Federal Reserve Chairpersons.
Fed Crashed the Dollar in Favour of Trump. Both the events have been active across all three financial quarters of the ongoing financial year and resulted in historic declines immediately after global markets experienced one of its finest pace of economic growth in FY2017-18. Core retail sales jumped.9, marking an 8-month gain. This article was originally posted on FX Empire.
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Here is an outlook for the highlights of this week and an updated technical analysis for USD/CAD. Heres what you should prep for. The first week of January saw subdued price action owing to caution ahead of key political and economic events set to follow shortly resulting in pair closing in red for the first week of January 2019. USD Weekly Forecast (March 18 22) by, the Fed is up this week, folks! Saving News Block Settings Show Category All News Breaking News Fundamental Analysis Technical Analysis Entertainment News Forex Industry News Educational News Display Format Headlines Stories Large Stories Comments Display Items Sort By Latest Hottest Last Commented Most Commented Most Viewed Latest Liked Best Liked Sort. EUR/USD pair lost the.1400 figure, having been steadily retreating after peaking.1447 post-Feds announcement.
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