The USDCAD pair may test the 1.2 level in the short term

28 April, 2015

Sell on a level breakthrough of 1.2083 with 1.2000 target. Stop loss = 1.2140.

Reason for the trading strategy
The weakness of the US dollar against the euro puts pressure on the USD/CAD pair, despite the adjustment of the WTI crude oil prices to $56 per barrel. In the coming days the likelihood of the pair testing the 1.2 level is high. Today, the publication of the Conference Board consumer confidence index in the US may provide little support for the world's reserve currency.

USDCAD, H4


Source link  
GOLD: under pressure before the publication of the volume of retail sales in the US

Before the publication of the October statistics on retail sales in the US gold prices remain close to their annual low. The release of the data will signal a strong increase in consumer spending of the US households, which form the bulk of the US GDP...

GOLD: growth before the publication of the US Federal Reserve's decision on the interest rates

The September statistics on the US signify a likely slowdown in the US GDP growth in Q3 2015 and requires the US regulator to conduct a soft monetary policy. At the level breakthrough of $1172, opening long positions in gold can be considered...

The euro may gain a foothold above the level of $1.15 in the short term

Investors buy the euro as a funding currency, withdrawing money from the shares. The growth of the euro is also associated with the low probability of an increase in the key interest rate in the United States in September. On a resistance level breakthrough of 1.1496...


S&P may downgrade Australia's rating

In July, the HSBC business activity index in China's manufacturing sector declined from 49.4 p. to 48.2 p. The weakening of the Chinese economy will lead to a reduction in the country's imports consumption and put pressure on the commodity currencies...

GBPUSD: consolidation before publication of the US Federal Reserve minutes

Buy on a level breakthrough of 1.5532 with 1.5630 target. Stop loss = 1.5480...

GBPUSD: consolidation before the publication of the business activity index in the UK construction sector

Sell on a level breakthrough of 1.5091 with 1.4982 target. Stop loss = 1.5150. Reason for the trading strategy This afternoon, the business activity...


GBPUSD: consolidation before the publication of the volume of retail sales in the UK

Buy on a level breakthrough of 1.5080 with 1.5160 target. Stop loss = 1.5020. Reason for the trading strategy Today, the data on retail sales in the UK...

GBPUSD: growth before the publication of the unemployment rate in the UK

Buy on a level breakthrough of 1.4980 with 1.5050 target. Stop loss = 1.4930....

The euro is getting closer to the 2015 lows

Buy on a level breakthrough of 1.0680 with 1.0740 target. Stop loss = 1.0620...

  


Share: