Sunday, February 16, 2020
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All Canadian Dollars contiguosly 5 to 100

USDCAD feels the pressure from oil, dollar

Following two days of losses, USDCAD turned north as oil prices reversed lower after a short-lived recovery, and fears over the coronavirus reemerged in the global markets. Besides, the USD...
The US Dollar index failed to continue its rally above 99.00

DXY: will it manage to overthrow coronavirus fears?

On Thursday morning, the US Dollar staged a modest rally and hit new yearly highs in the 99.00 region. Wednesday’s strong close in the US stocks supported the DXY and...
Focus shifts to the US CPI data that could send the dollar higher and cap gold demand

Gold needs to get out of the familiar range

Gold prices turned higher on Thursday following two days of modest losses amid positive sentiment in the global financial market. The coronavirus theme continues to set the tone for ...

OPEC cuts oil demand growth outlook

In its latest report on the oil market, OPEC cut first-quarter oil demand growth estimate by 440,000 barrels per day, citing the coronavirus outbreak. The full-year oil demand growth outlook...
Fundamentally, the common currency is looking less attractive than the greenback

Euro remains depressed despite risk-on sentiment

The euro managed to come off four-month lows below the 1.09 handle yesterday but the momentum was too slow and shallow to call a bottom. Furthermore, EURUSD struggles to extend...
The pair rose on the RBNZs hawkish statement

Will NZDUSD rally continue?

After yesterday’s closing in the 0.6400 region, on Wednesday, the NZDUSD pair gained more than 50 pips and jumped to the 0.6470 area where it comfortably sits – the major rose by...
The pan-European STOXX 600 index jumped 0.85% to a record high above 428 points

Global stocks steady on easing coronavirus concerns

After a decent rise on Wall Street, Asian stocks were mostly higher on Wednesday, with European markets extending gains towards fresh record highs. Coronavirus concerns have been abating amid ...
GBPUSD refreshed session tops but failed to go further north

GBPUSD struggles amid hard Brexit fears

On Monday, in the Asian trading the GBPUSD pair dropped to the 1.2870 region but then recovered and managed to close the day in the green near the 1.2915 mark. The major...
BTCUSD could get back below the $9,000 psychological level for the first time since late-January

Bitcoin offers a buying opportunity

Over the weekend, bitcoin failed to break above the $10,200 region, where the October 2019 highs lie. Since then, the first cryptocurrency retreated to the $9,700 area. The rejection from...
Near-term risks are still skewed to the downside, with traders continuing to closely monitor virus-related developments

Oil prices have settled around the lows, lack buying interest

Crude oil prices remain close to the multi-month lows on Monday, with buying interest remains limited despite attractive low levels. There are a few bearish factors that prevent the futures...