|Day's Range||0.761 - 0.763|
|52 Week Range||0.7476 - 0.8290|
The pair has been chopping around and looking for direction over the last few days
Softer economic growth in China weighed on risk appetite early in the day, with the U.S – Russia Summit, trade tariff chatter and U.S retail sales figures in focus through the day.
USDCAD’s bounce off the three-month old ascending trend-line presently struggles with 1.3200-1.3210 horizontal-region in order to justify its strength in targeting the 1.3260 and the 1.3340 resistances. In case the pair manage to extend its recovery beyond 1.3340 on a daily closing basis, the 1.3385 and the 1.3470, comprising 61.8% FE can please the Bulls. On the contrary, the 1.3130-20 is likely immediate support for the pair to test during its pullback before revisiting the 1.3060 TL figure. Assuming that the quote keep declining beneath the 1.3060, the 50-day SMA level of 1. ...
The USD/CAD has made a U-turn from the W L3 level, after a breakout of inverted head and shoulders pattern. At this point, 1.3150-75 is the POC zone, and we might see a bounce from the zone during the London/New York session. Targets are 1.3220 and 1.3250. Continuation is only possible at the 4h close or strong 1h momentum above 1.3250 which should initially be hard to break due to the weekly/daily pivot confluence. If the price breaks it, 1.3290 should be next.
the ECB will be releasing its monetary policy meeting minutes. The minutes cover the June ECB meeting where policymakers announced a taper to the QE program and an exit from QE by December 2018.
Canada's loonie was showing its strength against the U.S. dollar Wednesday morning after the country's central bank lifted key interest rates, as had been widely expected. Bank of Canada hiked interest rates to 1.5% from 1.25%. One U.S. dollar last bought C$1.3087 of the Canadian currency (USDCAD) on Wednesday, down 0.2% from C$1.3114 late Tuesday in New York.
The Canadian Dollar (CAD) is an important currency part of the Forex dashboard. As part of the DXY (Dollar Index), where it holds almost a ten percent stake, the CAD reflects the strengths and weaknesses of the Canadian economy. Part of NAFTA (North America Free Trade Agreement), Canada has a performant economic model many countries only dream about.
The pair has been continuing to range and consolidate as the weakness in both the currencies continue to grip the pair
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after June Retail Sales rose 0.5%, with May results revised substantially higher. Here's the performance of select trending stocks as of 11:00 am ET: IQ IQIYI Inc ADS 6.92% AMD Advanced Micro Devices Inc 4.20% BAC Bank of America Corporation 2.40% C Citigrp Inc 2.32% CSCO Cisco Systems 2.35% SOGO Sogou Inc 2.31% JPM JPMorgan Chase & Co 2.00% WFC Wells Fargo 1.76% SHOP(HB) Shopify Inc 1.74% CMCSA Comcast Cl A 1.59% BA Boeing Co 1.37% TVIX(HB) VS 2X VIX Short Term 1.16% MU Micron Tech 1.21% SQ Square Inc 0.99% AMZN Amazon.com Inc 0.89% AMAT Applied Materials 0.85% T AT&T Inc 0.79% NKE Nike Inc Cl B 0.76% JCP(HB) Penney (J.C.) 0.63% TRXC(HB) TransEnterix Inc 0.65% VZ Verizon Communications 0.54% NKTR(0) Nektar Therapeutics 0.46% UVXY(HB) ProShs Ultra VIX Short-Term 0.31% VXX iPath S&P 500 VIX Short-Term 0.29% X U.S. Steel Corporation 0.30% RAD Rite Aid 0.00% FB Facebook Inc 0.29% DIS Disney (Walt) Co 0.25% BIDU Baidu Inc 0.23% AAPL Apple Inc 0.25% CRM salesforce.com Inc 0.23% FIT Fitbit Inc 0.23% HMNY(HB,F) Helios and Matheson Analytics 0.27% HUYA(HB) HUYA Inc 0.16% GOOGL Alphabet Inc Cl A 0.13% LRCX Lam Research 0.03% WBA Walgreen Boots Alliance Inc 0.13% QCOM Qualcomm Inc 0.04% QQQ Invesco QQQ Trust Series 1 0.02% GOOG Alphabet Inc Cl C Cap Stock 0.01% GE General Electric Co 0.04% GEVO(HB) Gevo Inc 0.00% MSFT Microsoft Corp -0.04% HD Home Depot Inc -0.02% BABA Alibaba Group Holding Ltd -0.04% BILI(HB) Bilibili Inc ADS -0.22% SPY SPDR S&P 500 ETF -0.09% PYPL PayPal Hldgs Inc -0.10% KO Coca-Cola Co -0.11% CVS CVS Health Corp -0.13% TWTR Twitter Inc -0.20% DBX Dropbox Inc -0.25% SIRI Sirius XM Hldgs Inc -0.28% CELG Celgene Corp -0.33% INTC Intel Corp -0.34% PG Procter & Gamble Cc -0.40% NVDA Nvidia Corp -0.42% AVGO Broadcom Inc -0.42% GILD Gilead Sciences -0.45% PFE Pfizer Inc -0.47% BB BlackBerry Ltd -0.49% TEVA Teva Pharm Indus ADR -0.54% V Visa Inc -0.55% NFLX Netflix Inc -0.53% IBM Intl Business Machines Corp -0.58% WMT Wal-Mart Stores -0.57% JD JD.com Inc -0.63% KMI Kinder Morgan Inc -0.81% GERN(HB) Geron Corp -0.83% ABBV AbbVie Inc -0.91% JNJ Johnson & Johnson -0.98% ADBE Adobe Systems -1.04% SNAP(HB) Snap Inc -1.16% SBUX Starbucks Corp -1.18% ORCL Oracle Corp -1.30% XOM Exxon Mobil -1.40% CVX Chevron Corporation -1.44% CAT Caterpillar Inc -1.52% F Ford Motor -1.59% ARWR(0) Arrowhead Pharma Inc -1.71% MO Altria Grp -1.71% SRPT Sarepta Therapeutics Inc -1.87% ROKU Roku Inc Cl A -1.88% BP BP P.L.C. ADS -2.28% PBR Petroleo Brasileiro S.A. ADS -2.67% TSLA Tesla Inc -3.49% SDRL(HB) Seadrill Limited -3.87% ACBFF(HB) Aurora Cannabis Inc -5.01% CGC(HB) Canopy Growth -5.35% CHK Chesapeake Energy Corp -5.97%
Keith Bliss of DriveWealth LLC joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Import prices post a surprise drop and stocks are poised for small gains for the week.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the Consumer Price Index for June was 2.9% year-over-year, the highest reading since 2012. Core CPI came in at 2.3%.
Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after President Trump set in motion the potential for tariffs on $200 billion in additional Chinese goods.