Forex — USD/CAD moves higher after strong U.S. data

© Reuters. Greenback climbs against loonie, U.S. data supports — The U.S. dollar moved higher against its Canadian counterpart on Wednesday, boosted by strong U.S. economic reports, while lower oil prices dampened demand for the commodity-related Canadian currency. USD/CAD was up 0.54% at 1.25678 by by 09.30 a.m. ET (13:30 GMT), the highest since […]

EUR/USD : L’Euro Dollar recule sur le Forex suite aux publications de cet après midi mais le support ne cède pas encore…

La paire EUR/USD recule vers la zone de support des 1.1910/1.1890 suite aux trois publications de suite de cet après midi. L’IPC de l’Allemagne est ressorti en hausse à 1.8% y/y comme attendu, après 1.7% précédemment, mais sans soutenir l’Euro sur le Forex, permettant un maintient des pressions baissières sur EUR/USD avant les publications US. […]

EUR/USD analysis for August 30, 2017

Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1926 in a high volume. The yesterday’s downward target at the price of 1.1985 has been met. Anyway, according to the 30M time frame, I see still downward pressure and my advice is to watch for selling opportunities. The […]

Some bullish data sends the greenback higher

ADP better than estimated and now 3% GDP sends the dollar higherThe US GDP was better. The ADP was better. The dollar is getting bought.The EURUSD has broken below the trend line at 1.1925 currently and the 100 hour MA at 1.1914 and will look toward the 1.1876 level as the next target. That level […]