USD/CAD: The pair is trading flat with a slight positive bias, albeit trapped below 1.40 handle. While USD remains weak in broad market and jobless claims data came as a major blow, traders have already priced in Crude oil’s gains resulting in CAD unable to retain the upper hand in a price rally. Traders now await Canadian GDP data for short term profit opportunities and directional cues.
Please feel free to share your thoughts with us in the comments below.
TOP BROKERS
The multi-regulated CFD broker with 180+ products BRIEF INTRODUCTION The Vantage Group of Companies was incorporated in 2009 by a
A comprehensive analysis of an award-winning broker BRIEF INTRODUCTION Samtrade FX is incorporated in Saint Vincent and the Grenadines under
The Israeli-based multi-asset company with 2000+ products BRIEF INTRODUCTION Plus500 is a trademark of Plus500 Limited, an Israel incorporated firm
BRIEF INTRODUCTION Pepperstone, founded by Owen Kerr and Joe Davenport, is an FX and CFD broker based out of Melbourne,
An in-depth analysis of the top Australian forex broker Introduction to the top CFD broker IG Markets Ltd is the
The tier-I regulated broker with the lowest spreads in the industry BRIEF INTRODUCTION IC Markets is the trading name of