Back

USD/CAD may have a shot at pushing back towards 1.37 – Scotiabank

CAD slips from highs versus soft USD. Economists at Scotiabank expect the USD/CAD pair to challenge 1.37 if it manages to stay below the 1.38 level.

Persistent strength above 1.38 will likely prompt a retest of 1.3850/60

“Price action Friday strongly suggested that the broader USD uptrend in place over the past month or so may be stalling. But the intraday rebound in the USD from session lows – so far – looks quite constructive on the short-term charts and underlying trend momentum remains USD-bullish.” 

“If USD/CAD gains are capped around 1.38 intraday, the CAD may have a shot at pushing back towards 1.37.” 

“Persistent USD strength above the figure will likely prompt a retest of 1.3850/60.”

 

EUR/JPY Price Analysis: Outlook should shift to bearish below the 200-day SMA

EUR/JPY debilitates further and breaks below the 142.00 to print new 4-week lows near 141.80 at the beginning of the week. EUR/JPY breaks below the co
Baca lagi Previous

US Inflation Forecast: Easing only slowly, still sticky – Previews by 10 banks

The US Bureau of Labor Statistics (BLS) will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Tuesday, Marc
Baca lagi Next