USD/CAD has been on a grind higher since May 6 and has now returned to the key psychological level 1.4000 level. Volatility has subsided somewhat of late as trade deals and a rebound in overall market sentiment has led to calmer markets as a whole. May has been a rough month thus far for the […]
The post USD/CAD at Key Inflection Point of 1.4000. Bears or Bulls to Take Charge? appeared first on Action Forex.
In focus today In the US, a range of data is due for release in the afternoon. April retail sales will provide the first hard data evidence on how consumer behaviour has reacted to higher Read more…
Markets There were very few eco data to guide global trading yesterday. (US) equities took a breather. Details on US trade agreements with the likes China and the UK still have to be hammered out. Read more…
Daily Pivots: (S1) 193.79; (P) 195.10; (R1) 195.96; More… GBP/JPY retreated after failing to sustain above 195.95 resistance and intraday bias is turned neutral first. Another rally is in favor as long as 190.22 support Read more…