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USD/CAD collapses below 1.3300

USD/CAD lost almost 1% on Friday, reversing all the gains it gathered to close negative in the previous week. While negative momentum has somewhat slowed down on Monday, the RSI and the MACD suggest that the downside is likely to continue…

Gold touches fresh 7-month high above 1300

Gold had one of its best trading sessions for this year so far on Monday, reaching a fresh 7-month high of 1304.30. However, currently, the price holds marginally below this peak. The technical indicators are still located in bullish area,…

USD/CAD trades cautiously above one-month lows

USD/CAD gained little after its freefall to one-month lows, rising slightly above the 50% Fibonacci of the upleg from 1.2781 to 1.3663 to start consolidation. In the short term the pair could see some recovery as the RSI heads towards its…

Forex » The week ahead from January 20 to 25

The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a global downturn. GDP figures out of China could underscore the worsening outlook, while flash PMIs out of…