Canadian Dollar Lifted by Crude Oil Bounce. Will USD/CAD Go Higher?
The Canadian Dollar benefitted from crude oil reversing Monday’s early loss as higher energy prices hit the Euro and British Pound. Where to for USD/CAD?
The Canadian Dollar benefitted from crude oil reversing Monday’s early loss as higher energy prices hit the Euro and British Pound. Where to for USD/CAD?
Failure to push back above the 50-Day SMA ($1769) may undermine the recent rebound in the price of gold as the moving average continues to reflect a negative slope.
US Indices traded in a small range today as markets patiently await guidance from Fed Chair, Jerome Powell.
Equities are staging a minor rally Wednesday to put an end to the pre-Jackson Hole slide.
The Euro’s technical weakness is buffered by a fundamental catalyst.
Nasdaq 100 edges higher despite an explicit threat in fundamentals. USD recovers slightly but tech stocks remain focused on the path ahead.
The risk-sensitive Australian Dollar held up fairly well against a US Dollar that surged amid a deep selloff on Wall Street.
Durable goods data comes in flat for the month of July as the US Dollar continues to trek higher ahead of Jackson Hole.
Markets are digesting a darkening economic outlook as well as more hawkish comments by Fed members with the Jackson Hole symposium lying in wait