US Dollar one on one with Loonie

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Thanks to President Trump's promise the U.S. dollar along with U.S. stocks and bond yields soared on Thursday."  
– Kathy Lien, Managing Director of FX Strategy for BK Asset Management (based on investing.com) 


Pair's Outlook 
During the first half of Friday's trading session the USD/CAD currency exchange rate had no moved far from the opening price, as the pair fluctuated at the 1.3140 level. Previously, during Thursday's trading session the rate retreated lower, but did not reach the forecasted 1.3055 level, where the weekly PP is located at. The reason for that were fundamental news in the US. Due to that fact, the previous forecast of a decline remains in force, as the fundamental market correction just hindered the upcoming retreat of the Greenback against the Loonie. 

Traders' Sentiment 
Trader bullish opinion regarding the pair persists, as 66% of SWFX open positions are long on Friday. Meanwhile, 56% of trader set up orders are to buy the Greenback.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.