OctaFX | OctaFX Forex Broker
Anmelden
Konto eröffnen
Back

USD/CAD retreats from 1.3320

FXStreet (Edinburgh) - The US dollar remains bid against its Canadian peer on Wednesday, with USD/CAD meandering the upper band of the range near 1.3300 the figure.

USD/CAD firmer on data

The pair’s upside has been renewed following disappointing figures from the Canadian Retail Sales during last month, coming in below previous estimates. The up moved seems to have run out of legs in the 1.3320 area, receding to the current 1.3290 region.

Next of relevance in the pair will be the speech by Atlanta Fed D.Lockhart, followed by tomorrow’s Initial Claims, Durable Goods Orders and the speech by Chariwoman J.Yellen.

USD/CAD levels to consider

The pair is now up 0.11% at 1.3288 with the next hurdle at 1.3297 (high Sep.23) followed by 1.3310 (high Sep.11). On the other hand, a breach of 1.3216 (low Sep.22) would expose 1.3160 (low Sep.16) would and then 1.3074 (low Sep.17).

US manufacturing PMI shows employment at lowest since 2014

The preliminary US manufacturing PMI released by the Markit today dropped to its lowest levels since October 2013 and factory gate prices fall for the first time in over three years.
Mehr darüber lesen Previous

Gold hits fresh session high

Gold prices extended gains to a session high of USD 1133.50/Oz levels on the back of moderate weakness in the US stocks and weak tone in the USD index.
Mehr darüber lesen Next
Livechat starten