EUR/CAD has remained trapped in a broad sideways range after rebounding to 1.6247 in early April, with neither Euro nor Canadian Dollar able to establish a convincing directional advantage. The pair’s hesitation reflects a market caught between fading oil-driven momentum on the CAD side and uncertainty over how aggressively ECB will tighten policy through the […]
The post EUR/CAD Struggles for Direction as Oil Volatility and ECB Divisions Offset Each Other appeared first on ActionForex.
Germany’s Ifo Business Climate index improved modestly in May, offering signs that Europe’s largest economy may be stabilizing after months of weakness, though underlying conditions remain uneven across sectors. Business Climate index rose from 84.5 Read more…
A company just secured its first major order from one of the world’s largest aviation markets in nearly a decade. The order was bigger than what the company itself had asked for. The stock fell Read more…
USD/CAD extends upside – breaks back above rising trendline. Momentum signals stay moderately supportive . USD/CAD is gaining for a fourth consecutive session, trading near 1.3785. The pair has broken back above its short-term uptrend Read more…