There is nothing important due today concerning the CAD. Regarding the USD, there will be a release of CB Consumer Confidence data at 3pm London time.
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There is nothing important due today concerning the CAD. Regarding the USD, there will be a release of CB Consumer Confidence data at 3pm London time.
It seems that the bullish move may be running out of momentum, but the odds are still with the bulls as we have a clear long-term bullish trend here. I would be bullish after a strong bounce at...
I wrote yesterday that the CAD remained very weak due to the still-falling price of Crude Oil. This pair could start to rise again later after the New York open. I was prepared to take a bullish bias...
The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can...
Long Trades
Go long after the next bullish price action rejection following the next touch of 1.3565 or 1.3529.
Place the stop loss 1 pip below the local swing low.
Adjust the stop loss to...
Short Trades
Go short after the next bearish price action rejection following the next touch of 1.3620 or 1.3650.
Place the stop loss 1 pip above the local swing high.
Adjust the stop loss...
Yesterday’s signals were not triggered, as the price did not quite reach either of the nearby levels.
Today’s USD/CAD Signals
Risk 0.75% per trade.
Trades must be taken before 5pm New York...
An index that tracks the dollar versus a group of six currencies .DXY was up 0.31 percent at 96.81 after falling 0.78 percent last week.
The futures market implied traders expected the U.S. central bank to raise key lending rates by a quarter point at its Dec. 18-19 meeting to 2.25-2.50 percent, marking its fourth rate hike in 2018....
“You are getting a bit of reprieve from a very dovish view for the Fed in the next 12 months,” Tomes said.
Widening interest rate differentials between the United States and the rest of the world, driven by a confident U.S. Federal Reserve, has fueled an unlikely dollar rally this year. However, weak data...
The greenback strengthened versus a basket of currencies that includes the euro as traders trimmed their earlier bets on a less aggressive Federal Reserve.
The euro hit a three-month peak versus the pound at 90.47 pence. It was last up 0.77 percent at 90.22 pence.
At 10:21 a.m. (1521 GMT), the sterling GBP=D3 was down 0.63 percent at $1.2645 after touching $1.2606, which was the lowest since June 2017.
The U.K. parliamentary vote for May’s Brexit proposal was set for Tuesday. Opponents and supporters of Brexit joined in opposition to her deal.
“It’s definitely weakening the pound,” said Chuck Tomes, associate portfolio manager at Manulife Asset Management in Boston. “It’s casting more uncertainty about a Brexit vote.”
The greenback enjoyed a mild recovery following its steepest weekly drop versus a basket of currencies in three months last week, as traders reduced their expectations that the Federal Reserve might...
NEW YORK (Reuters) - The pound slid to its weakest level in nearly 1-1/2 years against the dollar on Monday as British Prime Minister Theresa May postponed a parliamentary vote on her Brexit deal,...
Sterling tumbles on Brexit worries; dollar rebounds
With reporting by Stephen Morris and Laurence Fletcher in London
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