Market Talk
- The dollar continued its march higher on Thursday helped by strong US economic data.
Tag: USD/CAD
FX Commentary – Strong U.S. Economic Data Keeps U.S. Strong
Market Talk
– Signs that China may be planning further measures to support its economy and aid growth including possible bailout for hard-hit industries as it reels from a virus-induced slowdown sent safe haven yen to nine-month lows amid signs that the spread of the coronavirus virus is slowing.… Read More
FX Commentary – EUR/USD At 3-Year Low
Market Talk
-The dollar stood tall over the languishing euro and heavily sold exporter currencies on Wednesday, as investors reckoned with deepening economic fallout from the coronavirus while the offshore Yuan Yuan moved above the psychological 7 barrier.… Read More
Short Term Trade On USD/CAD
Price has continued to decline and has now broken below the support level of 1.3229. A break of this support is likely to send price lower to 1.3180.… Read More
FX Commentary – EUR/USD Is At A 33-Month Critical Low Point
Market Talk
- The euro hit a 33-month low of $1.0826 on Friday, as concerns mounted about weakening economic growth in Europe at a time financial markets and policy makers fret about a new threat to the global economy from a fast spreading coronavirus in China.