USDCAD has retreated from its January high amid strengthening negative momentum, and is currently found near its lower Bollinger Band indicating that an immediate upside movement should not be ruled out. Moreover, the pair’s 50-period simple moving average (SMA) has recently crossed below its 200-period SMA, increasing fears of a sustained bearish outlook. Short-term momentum […]
The post USDCAD Loses Ground as Bearish Forces Linger appeared first on Action Forex.
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Furniture that can be used in multiple ways is all the Read more…
Kansas City Fed President Jeff Schmid delivered a hawkish message today, emphasizing that his primary focus remains “squarely” on the inflation outlook. He flagged a notable increase in upside inflation risks alongside rising downside risks Read more…
S&P500 edged lower on Thursday after rallying 10.2% previous day (the biggest daily gains in over a decade). Unexpected decision of President Trump to put heavy tariffs on a number of countries on hold for Read more…