Dollar/CAD woke up from its range and jumped. The pair trades at 1.3487, some 100 pips up on the day. The next line of resistance is 1.3540, followed by 1.36. Support is at 1.3460 and 1.3380. The Canadian dollar is showing us that it is a commodity currency by reacting to the downfall in the price [...]
The post USD/CAD surges towards 1.35 as oil prices tumble down appeared first on Forex Crunch.
GBP/USD rallied hard on the elections announcement (see five reasons). After hitting a swing high of 1.2905, the pair went into consolidation mode. What’s next? Here are two levels: Here is their view, courtesy of eFXnews: GBP: Bounce More Than Just A Position Squeeze; Towards 1.30-135 Range – BTMU BTMU FX Strategy Research argues that the [...]
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Yesterday’s Opinionway PresiTrack showed Macron at 23%, Le Pen at 22%, Fillon at 20% and Melenchon at 19%. The April 19th poll is 100% identical. For the euro, the tension remains high, but at least Macron remains the leader and Melenchon is on the bottom. The nightmare scenario for markets is a Le Pen – [...]
The post French elections poll remains unchanged – Macron still leads appeared first on Forex Crunch.
French voters go to the polls in what could be a very consequential vote for the value of the euro and the whole European Project. Our preview details four scenarios for the first round and the corresponding consequences for EUR/USD. The news flow continues. This page features every related update: from the background, the previews, the actual news [...]
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The euro-zone was expected to confirm that inflation cooled down in March. The initial flash figures showed a year over year rise of 1.5% in headline CPI and 0.7% in Core CPI, down from 2% and 0.9% seen in February. EUR/USD was trading steadily around 1.0720 ahead of the publication, consolidating some of its gains. The advance [...]
The post Euro-zone core inflation confirmed at 0.7% appeared first on Forex Crunch.
