USD/CAD drops to multi-week low amid recovering Oil prices, softer USD – by hareshmenghani USDCAD Fed Bonds RiskAppetite
A further recovery in Oil prices underpins the Loonie and drags the pair to a multi-week low.pair prolongs its bearish trajectory for the fourth successive day on Monday and dives to over a three-week low, around the 1.3325-1.3320 region heading into the North American session.
In fact, the USD Index , which tracks the Greenback against a basket of currencies, languishes near the monthly low set last week amid growing acceptance for an imminent pause in the Federal Reserve's over a year-long rate-hiking cycle. The Fed Fund futures point to a 90% probability that the US central bank will hold interest rates steady in June.
From a technical perspective, Friday's decisive break and close below the very important 200-day Simple Moving Average marked a fresh breakdown. This, in turn, supports prospects for a further near-term depreciating move.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD/INR Price Analysis: Remains inside the woods despite a sell-off in USD IndexThe USD/INR pair has sensed pressure while attempting to climb above the immediate resistance of 81.75 in the Asian session. The asset has been oscill
Weiterlesen »
AUD/USD drives firmly to 0.6770 as USD Index eyes more weakness, US Inflation eyedThe AUD/USD pair has refreshed its day’s high at 0.6770 in the Asian session. The upside bias for the Aussie asset is the outcome of multiple headwind
Weiterlesen »
NZD/USD hits over one-month high, around 0.6330 area amid modest USD weaknessThe NZD/USD pair scales higher for the fifth successive day, also marking the seventh day of a positive move in the previous eight and jumps to over a
Weiterlesen »
USD/JPY eases from three-day high amid weaker USD, up a little around 135.00 markThe USD/JPY pair builds on Friday's positive move and gains some follow-through traction on the first day of a new week, albeit lacks follow-through b
Weiterlesen »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, EUR/USD, GBP/USD,The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
Weiterlesen »
USD/CAD depicts “silence after the storm” below three-week low near 1.3400 amid firmer Oil priceUSD/CAD depicts “silence after the storm” below three-week low near 1.3400 amid firmer Oil price – by anilpanchal7 USDCAD BOC Inflation Employment Fed
Weiterlesen »