Canadian Dollar is down more than 1% vs US Dollar with the USD/CAD breakout now eyeing initial resistance. Here are the trade levels that matter on the technical charts.
Blogs
US Initial Jobless Claims Continue at Historic Levels, USD Gyrates
US Initial Jobless Claims Continue near Historic Levels, USD Ticks HigherMeta: US Initial jobless claims crossed the wires at 5245k Thursday morning, slightly better than expectations for 5500k, bu…
AUD/USD, GBP/USD More Influenced by Equities: Cross Asset Correlation
Risk assets increasingly dominant in dictating currency markets. Turnaround sees Australian Dollar top out.
US Dollar (DXY) Probing Higher Ahead of US Initial Jobless Claims Release
The US dollar is back in favor with risk-averse investors and the greenback may get another boost from the latest look at the US labor market.
ECB's Schnabel: Shape of economic recovery is uncertain
Comments by ECB executive board member, Isabel Schnabel – Downside risks to inflation outlook have increased – ECB ready to act to prevent fragmentation of financing conditions in the Eurozone ForexLive
Demand in Swiss franc set to increase further – UBS
The firm says that investor demand for the franc is set to continue ahead of the recession cycle Adding that "Switzerland enters this recession with excellent credit quality, and its pandemic health situation is under control. Hence, its economy should do relatively well in comparison to other regions".
Eurozone February industrial production -0.1% vs -0.1% m/m expected
Latest data released by Eurostat – 16 April 2020 – +2.3% – Industrial production WDA -1.9% vs -1.9% y/y expected – Prior -1.9%; revised to -1.7% ForexLive
USD/JPY upside stutters around 108.00; buyers defending key near-term level
USD/JPY slips a little as dollar gains ease earlier, but buyers still defending the 100-hour moving average for now ForexLive Amid the rise in the dollar earlier today, the pair hit a high of 108.08 but failed to keep a firm break above the 108.00 level. However, buyers did manage to secure a break above […]
Cable in search of fresh near-term direction amid firmer dollar so far today
GBP/USD price action is trapped in between the key hourly moving averages ForexLive The return of dollar demand over the past few sessions saw price hit a low of 1.2438 in overnight trading, leaning on minor support around 1.2442 before retracing higher as dollar gains eased slightly.
EUR/USD sellers keep near-term control, but still in search for further downside break
EUR/USD retraces to its 200-hour moving average before easing lower ForexLive The pair is keeping lower after the dollar eased on gains to start the session, as sellers defended a test of the 200-hour MA (blue line) @ 1.0900.