USDCAD modestly corrects lower after the break higher yesterday. What next?
globalreutersMay 1, 20241 Mins read The USDCAD is modestly correcting lower in trading today after the break higher yesterday. The move to the downside was helped a little bit by the weaker US data today. However, the FOMC rate decision looms ahead with the Fed expected to be more hawkish certainly versus the last meeting. How hawkish they are will be the determining factor.
In this video, I outlne the technical levels in play and explain why.
This article was written by Greg Michalowski at www.forexlive.com.
Related Articles
Eurostoxx futures +0.2% in early European trading
German DAX futures +0.2%French CAC 40 futures +0.1%UK FTSE futures +0.4%This follows...
UK Retail Sales decline 0.7% on a monthly basis in October vs. -0.3% expected
The UK's Office for National Statistics (ONS) reported on Friday that Retail...
United Kingdom Retail Sales ex-Fuel (YoY) registered at 2%, below expectations (3.3%) in October
United Kingdom Retail Sales ex-Fuel (YoY) registered at 2%, below expectations (3.3%)...
Germany Gross Domestic Product w.d.a (YoY) dipped from previous 0.2% to 0.1% in 3Q
Germany Gross Domestic Product w.d.a (YoY) dipped from previous 0.2% to 0.1% in...
Leave a comment