Eur/Cad

[babar8487]

The euro EUR = gained 0.1 percent to $1.1335, while the Aussie dollar AUD =often considered a barometer for globalist appetite, rose 0.3 percent to $0.7112.
" We seem to have moved away from dollar dominance over the last tow sessions... this weakness is directly related to the improving risk sentiment around trade." said Michael McCarthy chief markets strategies at CMC Markets.

[babar8487]

The Australian dollar, a barometer for global risk assets, added 0.3 percent to $0.7120. The dollar rose versus the yen to 110.72 .
The dollar edged lower versus its peers on Wednesday, as rising hopes of a breakthrough in U.S. China trade talks led investors to put money into the euro ad Asian currencies.

[omergul]

Today analysis for the pair of eur.cad

Is time ke price ye chal rhe he......... 1.4987

Resistance level 1 # 1.5010
Resistance level 2 # 1.5040
Resistance level 3 # 1.5070

Support level 1 # 1.4960
Support level 2 # 1.4930
Support level 3 # 1.4900

Ye pair buy ka bna huwa he i think jahan par market punche huwe he wahan se up ke traf movement kar sakte he so main suggest kronga hamen buy ki trade lga dene chaheye i hope is trade se ham profit earn kar len

[babar8487]

"We seem to have moved away from dollar dominance over the last two sessions, " said Michael McCarthy, chief markets strategist at CMC Markets,
The day's big mover was the New Zealand dollar, which rallied as much as 1.7 percent to $0.6852 after the Reserve Bank of New Zealand sounded less dovish on policy that markets had expected, forcing a round of heavy short covering .

[babar8487]

" There is a to of evidence that global growth is slowing and a lot of evidence to be suspicious of an end to the U.S -China trade war, There will still be a long way to go," she added.
The dollar index rose 0.1 percent to 96.811, while against the euro it rose 0.1 percent to $1.1315.

[babar8487]

Foley, however, noted that the euro/dollar exchange rate had remained stuck in a "choppy range" in recent months because of a fundamental deterioration in the economic outlook in both the U.S and the euro zone - uncertainty that could support more dollar upside.

[babar8487]

Official in Washington and Beijing are having a round of talks this week to try and hammer out an agreement.
That together with a deal to avert another partial U.S government shutdown, sent equity markets soaring and supported riskier currencies.

[babar8487]

U.S President Donald Trump said on Tuesday that he could see letting the March 1 deadline for reaching a trade agreement with China "slide for a little while, " if he two sides were close to a complete deal.

[babar8487]

The New Zealand dollar was the stand-out performer in early Wednesday trading, adding more than 1.5 percent after a less dovish than expected central bank announcement.
The trade dispute between the world's two biggest economies has hung over global markets since mid-2018, and any sign of a credible detente has tended to boost sentiment.

[babar8487]

The dollar's recent rally paused on Wednesday as hopes for a United States and Chin trade deal spurred demand for riskier currencies.
The greenback index's eight-day winning run came to an end overnight to push it away from a two-month peak.