|Day's Range||1.326 - 1.328|
|52 Week Range||1.2255 - 1.3728|
USDCAD breached 1.33 handle over weak crude oil price and broad based risk asset sell-off but dollar failed to make solid bull run amid lack of fundamental support.
Investing.com – The U.S. dollar little changed Thursday as mostly upbeat economic data was offset by strong rise in sterling on bets the U.K. will avoid leaving the EU without a trade deal.
USDJPY’s pullback from 109.10-20 is less likely to signal the pair’s weakness unless a sustained drop beneath three-week-old upward slanting trend-line, at 108.40 now, takes place on the four-hour chart. If the pair slip under the 108.40, the 107.70, the 107.00 and the 106.70 support-levels may gain sellers’ attention. Meanwhile, clear break of 109.20 enables the pair to aim for the 109.50 and the 110.00 resistances. In case prices manage to extend its up-moves past-110.00, the 110.25-30 seems crucial to watch as it holds the gate for the pair’s rally to 110. ...
The greenback was steady on Thursday as jobless claims data showed the government shutdown has yet to have an impact on jobs. The number of people who filed for unemployment assistance in the U.S. hit its lowest level in five weeks, despite 27 days of a government shutdown which has furloughed 800,000 federal workers. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.11% to 95.77 as of 10:16 AM ET (15:16 GMT).
With Theresa May and the Tories surviving the day, focus will shift to the EU and whether the British PM can find better terms.
Pickup in the US bond yields helped revive USD demand as investors await US EIA Crude oil inventory data.
With the Brexit deal sunk and Theresa May needing to head back to Brussels, there’s just a vote of no confidence to survive later today…
Both sides of pair vie for control of momentum as news driven momentum resulted in neither pair dominating rally.
Investing.com – The dollar traded higher against a basket of major currencies Tuesday despite mostly negative U.S. data as a plunge in sterling ahead of a key vote on the UK's withdrawal agreement supported sentiment.
It’s “risk on” in the early hours, with the main event of the day being Brexit. Has Theresa May done enough and will it sink the Pound?
Investing.com – The dollar edged lower Monday, even as the pound gave up most of its gains ahead of a vote on UK Prime Minister Theresa May's Brexit deal.
Despite broad based weakness surround USD, weaker crude oil price and broad based risk averse sentiment boosts the currency pair for fourth consecutive trading session.
Investing.com – The U.S. dollar struggled to add to gains against its rivals on Friday, as sterling soared on growing expectations the UK will seek to delay its scheduled exit date from the European Union.
USD sell off on comments from Powell & Crude Oil price rally supported by production cut / Sino-U.S trade talk optimism boosts Loonie.
Retail sales figures out of Australia provide the Aussie Dollar with a bounce as focus shifts to the UK, today’s stats and Brexit chatter.
Investing.com - The U.S. dollar was higher against its rivals Thursday as Federal Reserve Chairman Jerome Powell delivered a mixed message on monetary policy, stressing the central bank will be "patient," but renewed worries that its balance sheet trimming was on autopilot.
US Greenback failed to make best of recovery move in Asian market hours as crude oil price continues to support Loonie bulls
During the Wednesday trading session, the US markets positions were actively restoring, what not to say about the national currency due to news around the Fed.
The greenback was slightly higher on Thursday after dovish minutes from the Federal Reserve in the previous session caused a steep decline in the dollar. Minutes from the Fed’s December meeting showed that many policymakers are in favor of rates staying steady this year, increasing expectations that there will be no hikes in 2019. “Basically the dollar has run out of things to make it go higher," said Erik Nelson, currency strategist at Wells Fargo.
Thursday brings us nice movements on the most popular instruments on the market. Traders should be definitely happy that after a long time of waiting, they can finally open proper trading positions.
The U.S. dollar carves out a three-month low, deepening its losses during Wednesday’s trading session after the Federal Reserve’s December meeting minutes showed a dovish tilt in the central bank.
Investing.com - The dollar resumed its slide against its rivals Wednesday as the Fed indicated it was willing to hold off on rate hikes amid concerns about global growth and subdued inflation, according to the minutes of its December meeting.
The Canadian dollar jumped after the Bank of Canada Wednesday left key interest rates unchanged at 1.75% but said further interest rate hikes were necessary to achieve its inflation target. In a statement, the BOC revised down its 2019 gross domestic product projection to 1.7% -- 0.4% slower than in the October outlook -- and said the drop in oil prices hurt Canada's economic outlook. Against that negative backdrop, non-energy and exports are expected to grow steadily, and will be helped by a weaker Canadian dollar. The loonie, as Canada's currency is also called, jumped versus its U.S. rival in response. The greenback last bought C$1.3200, down 0.6%, its lowest level since early December.
Bullish run in oil prices supports Loonie on its positive price action as investors await BOC MPC update & Fed Meeting minutes.