Economic news is expected to be the main mover of USDCAD in the coming week.There are five Canadian events in the upcoming week, including tier-1 employment releases. IMPORTANT ECONOMIC EVENTS: Manufacturing PMI Raw Materials Price Index Trade Balance Ivey PMI Employment Report LOOKING FOWARD: The US dollar is expected to remain under pressure, with possible...
The news reads "Monero Shoots Up 10%" Price action on the chart is forming a retrace to the major Psychological level of 150. For Monero to resume it Bull Ride, we need to see consolidation forming aroun this 150 level before a stronger move up. PRICE ACTION Retrace Target intra Day to around 152.50 Consolidation Zone for longer term trading 149-152, will...
NEWS Bitcoin has hit a record value of $19,920.53 this month, prompting a surge of interest from British investors. JPMorgan Predicts $600 Billion Bitcoin Demand The Bank said that even 1% of asset allocation by large financial companies would result in $0.6 trillion BTC demand. The bank expects financial services companies from the US, EU, Japan and the UK to...
Gold prices have opened the week at a key support level around the 61.8% retracement of the June-August major move. CURRENT EVENTS: Short and Long-term strategies may favor Gold strength, while intermediate-term strategies may continue to look for bullish swing scenarios as COVID fears become more serious in the UK & Europe. Recent price action tell us Gold...