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USDCAD pivots gently higher but still constrained between trendlines A decisive bounce above 1.3745 needed for fresh buying Canadian CPI scheduled for release at 12:30 GMT; Fed speakers on the agenda too USDCAD has been tip-toeing higher since its downward pattern that started after April’s peak stalled near the 1.3588 level last week. Traders remain skeptical near […]

The post USDCAD’s Upturn Still Lackluster appeared first on Action Forex.

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14/12/2023

A Hawkish BoE Followed by An Uneventful ECB Announcement

The Bank of England and the European Central Bank both left rates on hold on Thursday but unlike following the announcement of their counterparts in the US, there were no fireworks. Of course, it’s worth noting that the press conference is yet to happen so fireworks may fly when President Lagarde speaks but the announcement […]
03/04/2024

Stars Aligned for Dollar Yesterday, But Greenback Succumbed

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14/03/2024

Canadian Dollar Seeks Opportunities for Growth

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