|Day's Range||1.304 - 1.308|
|52 Week Range||1.2787 - 1.3728|
At the top of today’s watchlist, traders look for the US Jobless Claim reports. A triumphant march above the 50-day and 100-day SMA conflux would activate the 200-day SMA stalled near 1.3200 psychological mark.
It was a mixed bag on the data front in Asia as Japan sees exports tumble. Corporate earnings also disappointed as trade war angst returns…
Today, Prime Minister Theresa May broadcasted a piece of advice to her successor. The drowning Fiber finally found a stoppage near 1.1200 level on Wednesday.
Investing.com - The U.S. dollar dipped slightly on Wednesday but still remained near one-week highs after the International Monetary Fund said the greenback is overvalued.
It’s a quiet day on the economic calendar, which will leave the Pound in the spotlight. Brexit woes continue to trouble the Pound, which is on the slide this morning…
On the Weekly Chart, the USD/CAD pair appeared to remain sandwiched between the overhead 200-day SMA and below lying 100-day SMA. Today, the market stays attentive to the upcoming BoC June YoY Consumer Price Index (CPI) Core.
Investing.com - The U.S. dollar was higher on Tuesday after stronger-than-expected retail sales showed the economy was healthy, even as the Federal Reserve is expected to cut interest rates.
On the daily chart, the pair seemed to have difficulty in breaching the 1-month old descending slanting resistance. Today, the vital economic events remain the Fed’s Chair Powell’s speech and June Retail Sales data.
Investing.com - The U.S. dollar rose on Monday, as manufacturing activity in New York posted its biggest increase in more than two years.
Crude Oil prices dropped after China posted its slowest quarterly economic growth in at least 27 years. On 1-Day Chart, the USD/CAD pair was forming a bearish rising wedge trading pattern.
Investing.com - The U.S. dollar was flat on Friday as a slight uptick in core inflation failed to deter expectations that the Federal Reserve will cut rates at the end of July.
Investing.com -- The dollar was broadly weaker across the board early Friday in Europe, with commodity currencies making a comeback after two days of Congressional testimony from Federal Reserve Chairman Jerome Powell that made a bias to easing monetary policy crystal clear.
Investing.com - The U.S. dollar inched down on Thursday, extending losses made after comments from Federal Reserve Chairman Jerome Powell raised expectations that the central bank will cut rates at its next meeting.
Investing.com -- The dollar was mostly lower in early trading in Europe Thursday, extending losses made on Wednesday after Federal Reserve Chairman Jerome Powell dropped his clearest hint yet that the central bank will cut interest rates at its next policy meeting at the end of the month.
Investing.com - The U.S. dollar rose towards a three-week high on Tuesday as hope dampened that the Federal Reserve will ease monetary policy aggressively, while worry over U.S.-China trade tensions hitting corporate profits contributed to an equity sell-off on Wall Street.
US-Sino and the US-Iran tensions continued to weigh over the Crude Oil prices. As per the Ichimoku Clouds technical indicator, the main trend remains bearish for the USD/CAD pair on a broader time scale.
Based on the early price action, the direction of the September U.S. Dollar Index on Monday is likely to be determined by trader reaction to the downtrending Gann angle at 96.830.
Today, on an overall basis, the USD bulls appeared overtaking the USD bears, making the Greenback conquer new levels. During today’s session, the Loonie had lost some significant pips as Canadian June Net Employment figures missed estimates.
Investing.com - The U.S. dollar jumped on Friday after the economy added more jobs than expected in June, dampening expectations that the Federal Reserve will cut rates aggressively to stave off a slowdown.
On the US side, the Non-Farm Payrolls and the YoY Average Hourly Earnings are something that needs special attention. While, on the Canadian side, traders must keep a closer watch over the Canadian June Employment and Unemployment Change data release.
Crude Oil prices continued to linger near the 10-day low as EIA reported downbeat data last night. Today, after rebounding from 1.3054 level, the pair was showing some positive movements, slightly entertaining the bulls.
Despite appealing AUD-specific data, the Aussie pair hesitated to make a move following downbeat Chinese June Caixin Services PMI data release. The Cable slipped, reaching a two-week bottom, after the release of weaker June UK Markit Services PMI.
Investing.com - The U.S. dollar fell on Wednesday after disappointing jobless claims and factory orders pointed to sluggish economic growth.