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Day: July 8, 2017
July 82017
Canadian Dollar Ends Week Strongest amid BoC Hike Speculations
The Canadian dollar ended the week as the strongest major currency because the events during the week’s trading fueled speculations that the Bank of Canada will hike interest rates as soon as the next week. Markets considered the comments of BoC Governor Stephen Poloz as a sign that the central bank is ready to raise interest rates. Solid employment data supported the case for monetary tightening. All those factors reinforced the view that the BoC will […]
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July 82017
Canadian Dollar Ends Week Strongest amid BoC Hike Speculations
The Canadian dollar ended the week as the strongest major currency because the events during the week’s trading fueled speculations that the Bank of Canada will hike interest rates as soon as the next week. Markets considered the comments of BoC Governor Stephen Poloz as a sign that the central bank is ready to raise interest rates. Solid employment data supported the case for monetary tightening. All those factors reinforced the view that the BoC will […]
Read more
July 82017
Weekly Forex Technical Analysis (Jul 10 — Jul 14)
EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1198 1.1255 1.1325 1.1382 1.1453 1.1510 1.1580 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1258 1.1332 1.1386 1.1459 1.1513 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
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