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Fundamental Analysis
USD/CAD
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[QUOTE="ForexSignalses, post: 161116, member: 59138"] [B]USD/CAD struggles to profit determined traction but holds above 1.3400 handle[/B] A goodish pickup in the US grip yields extends some retain to the US Dollar. Positive sloppy oil prices underpin Loonie and partly offset the supporting factor. Traders now eye US monthly retail sales data for some meaningful trading impetus. The USD/CAD pair struggled to fabricate vis--vis its attempted intraday going on-move around and is currently placed in the genderless territory, albeit managed to refrain dexterously Friday's oscillate low. The pair witnessed some profit-taking/long-unwinding trade regarding Friday in tribute to the diverging monthly jobs gloss from the US and Canada. The US Dollar at a loose withdraws some showground after the latest US monthly jobs description showed that the economy added by yourself 20K add-on jobs in February. Meanwhile, the commodity-similar currency - Loonie got a relationship boost in wake of upbeat domestic employment details, though a tormented feeling intraday slide in crude oil prices partly offset the negative factors and helped limit deeper losses for the major. With investors looking p.s. Friday's macro data, assimilation of opposing forces unsuccessful to agree to any meaningful impetus and led to a subdued/range-bound price comport yourself through the to the lead European session upon the first trading hours of the day of the week. A goodish pickup in the US Treasury bond yields underpinned demand for the greenback and lengthy some foster/provided a teenage lift to the major. Meanwhile, oil prices held steady gone modest intraday gains of 0.70% and kept a cover upon any meaningful uphill-impinge on. Moving ahead, today's US economic docket, highlighting the drifting of monthly retail sales data, will now be looked upon for some meaningful impetus/unexpected-term trading opportunities standoffish during the to the fore North-American session. [/QUOTE]
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