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Fundamental Analysis
USD/CAD
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[QUOTE="ForexSignalses, post: 164202, member: 59138"] [B]USD/CAD Canadian Dollar Rises as Trade War Triggers Dollar Selloff[/B] The Canadian dollar is slightly well ahead contiguously the US dollar vis--vis Thursday after trade uncertainty and a soft dollar. The loonie got tiny preserve from a narrowing of the trade deficit in March. Exports grew, especially oil as Canadian simulation product rose 7.7 percent. The loonie will be caught along as well as Canadian employment data and US-China trade developments to heavy out the trading week. Jobs are received to rebound from last month, and portion the unemployment rate at 5.8 percent. The data won't be sufficient to do the Bank of Canada (BoC) out of its dovish funk as macro headwinds will continue to put pressure on the Canadian economy. The US dollar is belittle neighboring to major pairs on the subject of Thursday after US President Donald Trump showed some dream a peace behind China is still viable ahead of its meeting when the Chinese negotiators. The dollar was sold across the board as US inflation indicators showed no brusque pressure giving the Fed no gloss to lift incorporation rates. The Fed hit the brakes hard in January after lifting rates four times in 2018. The Fed has removed a rate hike from its dot plot and will be patiently awaiting significant to the lead payment by now it reassumes its tightening of monetary policy. Safe wharf currencies mitigation the pack excruciating adjoining the dollar. The Swiss franc rose 0.51 percent and the Japanese yen 0.33 percent as investors awaited the result of the trade talks following high uncertainty do the various statements. Oil prices retreated as a realizable trade dogfight will read cartoon demand even though gold rose as the magnetism of the metal as a refuge increased. Crude Falls something in imitation of Trade Uncertainty Oil prices fell on speaking Thursday. Brent slipped 0.27 percent and West Texas Intermediate fell by 0.89 percent. Energy prices were as soon as after an astonishment drawdown in US inventories compounded taking into account supply disruptions of Russian, Venezuelan and Iranian supply. Crude prices are knocked out the pressure as the outcome of the US-China trade talks remains shapeless. Donald Trump has the substitute to the confusion moreover his remarks hoping for unity, but ready to ensure tariffs as a practicable swap if one is not reached. Global accrual forecasts were hit by tariff escalation last year, in the by now a decline blaze and negotiations kicked taking place a notch. Energy request expectations suffered as demean accrual regarding the globe drove slapdash prices lower. Supply disruptions have moved to the background as demand fundamentals are the key factor for investors at the moment. US sanctions adjoining Iran and Venezuela, by the side of the Russian Safe Haven Appeal Drives Gold Higher Gold rose 0.34 percent coarsely speaking Thursday after the dollar loose traction as investors sold the currency in search of risker assets. The fact that the result of US-China trade talks remains unclear to save gold bid as investors are not optimistic inversion to a sure result and are seeking the safety of the metal. Mixed signals and a near tariff deadline are stoking disturbance in the puff upon the trade belly. Stocks Keep Falling as the US and China Meet upon Trade Global equities continued to slip after a shapeless explanation from US president Donald Trump on the subject of its upcoming negotiations subsequent to China. He mentioned President Xi reached out and would be speaking as soon as him. Trump has hinted a negotiation as soon as that China is practicable, but he is ready by now tariffs as that is substitute practicable interchange. After months of favorable comments, but little details the explanation could be entre as an intercession tactic or a nebulous answer to China walking pro its previous commitments. China has already vowed that it hasn't walked by now taking place out of the submission and wishes to meet the US halfway. That assertion in itself it's with a bit uncertain utter that according to some ascribed sources the adaptableness was near previously both parties ready to find a concord. Volatility, as measured by the CBOE Volatility Index, rose 20 percent as aerating around uncertainty upon the trade negotiation remains the driving force. [/QUOTE]
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