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The Canadian dollar has taken a break after an impressive three-day rally, in which the currency climbed about 2%. In the European session, USD/CAD is trading at 1.4148, up 0.39%. On Thursday, the Canadian dollar touched 140.26, its strongest level since December. US nonfarm payrolls expected to dip The hottest financial news is understandably the […]

The post Markets Eye US, Canada Job Reports, US Dollar Steadies appeared first on Action Forex.

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06/06/2024

Sunset Market Commentary

Markets After the Swiss National Bank (March), the Swedish Riksbank (May) and the Bank of Canada (yesterday), the ECB today is the next in line among central banks from developed economies to reduce policy restriction. It cut its policy rates by 25bps, bringing the deposit rate from 4.0% to 3.75%. ECB assesses that the dynamics […]
12/01/2024

USD/JPY Regains Strength, US CPI Increased 3.4%

Key Highlights USD/JPY started a fresh increase above the 145.00 resistance. A key bullish trend line is forming with support at 145.35 on the 4-hour chart Gold prices failed to clear the $2,050 resistance and declined again. The US CPI increased 3.4% in Dec 2023 (YoY), whereas the market forecast was 3.2%. USD/JPY Technical Analysis […]
14/06/2024

NZD: A Few Swing Trade Ideas to Consider

The NZDUSD pair climbed to a peak of 0.6217 before settling at 0.6170. The pair has faced resistance around the 0.6220 level, with attempts to break through being unsuccessful. On the daily chart, the Relative Strength Index (RSI) is at 56 and trending downwards, indicating a slight drop in buying pressure. This is supported by […]