USD/CAD advances towards 1.3800 as market mood heats further, oil extends recovery – by Sagar_Dua24 USDCAD Oil Fed Inflation YieldCurve
Fed’s Beige Book has indicated labor demand moderation due to economic slowdown anticipation.The USD/CAD pair
The US dollar index has climbed to Wednesday’s high at around 113.10 in the early trade and is expected to surpass the same with less effort. Also, the 10-year US Treasury yields have jumped to 4.15% amid soaring bets for a bigger rate hike by the Federal Reserve . Adding to that, economic activities have remained flat in major districts and labor demand has moderated as firms have ditched the recruitment process in anticipation of an economic slowdown.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Price Analysis: There is an interim hurdle at the 55-day SMAEUR/USD gives away the initial advance to the 0.9870 region and deflates to the 0.9830 area on Tuesday Further recovery in the pair looks probable in
Read more »
GBP/USD, USD/CAD, Gold, Oil & S&P 500- Weekly Technical OutlookSetups we’re tracking in the USD Majors, commodities & equities heading into the weekly open. The levels that matter on the technical charts.
Read more »
USD/CAD: Near Term sure to Produce Volatile Forex FireworksThe USDCAD is trading near the 137575 mark as of this writing. forex forextrade forextrading
Read more »
USD/CAD pares the biggest daily loss in two weeks above 1.3700 as US dollar rebounds, crude oil dropsUSD/CAD pares the biggest daily loss in two weeks above 1.3700 as US dollar rebounds, crude oil drops – by anilpanchal7 USDCAD RiskAppetite Oil DollarIndex Fed
Read more »
USD/CAD climbs above 1.3770s on overall US dollar strength, falling oil pricesThe USD/CAD trims some of its Monday’s losses and rises back above the 1.3700 figure after hitting a daily low of 1.3657, below the 20-day EMA, but re
Read more »