Tickmill’s Investing Diva, CADJPY Daily Outlook 27-05-20

Feb 7, 2024 - 10:51

CADJPY Daily Outlook – On Tuesday we found out that the U.S. Consumer confidence for May rose to 86.6, vs 82.3 expected, US home price growth picked up in March despite COVID-19. In Germany, consumer morale improves slightly, but job fears remain high, the ECB Said the Euro Area is Still on a shaky ground as the Economy Reopens, the U.K. Retail sales remains depressed, but the decline is expected to ease. On Wednesday we have some medium risk events from the Eurozone and the US mortgage applications as well as New Zealand’s Business Confidence. Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends. <iframe src="https://www.youtube.com/embed/O5fGzMvdyiY" width="100%" height="481" frameborder="0" allowfullscreen="allowfullscreen" data-mce-fragment="1"></iframe> Today I’m looking at the CAD/JPY pair, which just like many other major crosses has been ranging between two key levels. In this case the upper band of the range is at 78 and the pair just reached it on Tuesday. If the range is about to continue, we could see another dip from here towards the lower band of the range at 74.85. Do you think the range will continue? Head over to the comments section and let me know. Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company. High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-cadjpy-daily-outlook-27-05-20/">Tickmill’s Investing Diva, CADJPY Daily Outlook 27-05-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.

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