EUR/USD Rallies Toward Key Confluence Zone Amid Accelerating DXY Selloff

Summary United States: Residential Tailwind Set to Continue as Monetary Policy Becomes Less Restrictive This week’s economic data indicate that the U.S. economy is still expanding at a solid pace with the housing sector continuing to provide a tailwind. During February, existing home sales and housing starts both topped expectations and rose at robust rates. […]

USDCAD eases below 1.3700; could attract new sellers in short-term Next support could emerge within 1.3600-1.3622 territory US S&P Global PMIs, Canadian retail sales on the agenda USDCAD has been tiptoeing to the downside for five consecutive trading days, increasing speculation that some stability could soon occur. The technical picture, however, suggests that the bears […]

USDCAD trims September’s uptick to trade near key trendline Technical signals are mixed; a break below 1.3480 could shift the bias to the downside US & Canadian employment figures due at 12:30 GMT USDCAD started Friday’s NFP session with soft negative momentum after a stagnant day, which prevented the pair from examining its weekly high […]