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USDCAD Daily Analysis – Wednesday, March 25
Article By:
ForexCycle
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Wednesday, March 25, 2020 6:34 AM EDT
USDCAD continued its sideways movement in a trading range between 1.4148 and 1.4667.
Relief Bounce On Tuesday, But Turn Around Not Secure
Article By:
Marc Chandler
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Tuesday, March 24, 2020 6:58 AM EDT
Bottom-picking, after officials step up efforts and some optimism creeps in, is helping lift spirits today. As one looks at the equity bounces, it is important to remember that among the biggest rallies take place in bear markets.
USDCAD Daily Analysis – Tuesday, March 24
Article By:
ForexCycle
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Tuesday, March 24, 2020 6:02 AM EDT
USDCAD moved sideways in a trading range between 1.4148 and 1.4667.
USDCAD Daily Analysis – Monday, March 23
Article By:
ForexCycle
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Monday, March 23, 2020 4:31 AM EDT
USDCAD remains in the uptrend from 1.3201, the pullback from 1.4667 is likely consolidation for the uptrend.
The Week Ahead: “Whatever It Takes” To Soothe Jittery Markets
Weekly Commentary: Please Don't Completely Destroy...
Article By:
Doug Noland
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Sunday, March 22, 2020 5:01 PM EDT
It’s not hyperbole today to use “depression” to describe the unfolding deep global economic downturn. Coronavirus uncertainty makes it impossible to forecast the length and severity of the economic collapse.
In this article: SPX, FXE, FXA, FXB, FXC, FXY, USO Also: ORNLORNLORNLORNLORNLORNLORNLORNLORNLORNLORN, BAC, C, CL, CORN, GS, JPM, MS, RATE, WEAT, WFC, FMCC, GLD, LQD, SLV, XAU
Trading Support And Resistance - Sunday, March 22
Article By:
Daily Forex
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Sunday, March 22, 2020 1:18 PM EDT
The Forex market is showing a similar level of price activity compared to the previous week, with 81% of the important currency pairs and crosses moving by more than 1% in value over the past week. This high level hasn't been seen for 11 years.
High Anxiety Is Auto-Correlated
Article By:
Marc Chandler
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Sunday, March 22, 2020 11:21 AM EDT
The economic and financial reaction to the pandemic triggered a surge in the US dollar, which itself may amplify the disruption that is evident in the capital markets. One way to conceive of the price action is that it is a reflection of psychology.
A New Recession Era Arrives
Article By:
Paul Hodges
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Sunday, March 22, 2020 10:15 AM EDT
The COVID-19 pandemic seems likely to be the catalyst for a debt-fuelled recession. Here are our thoughts on five key priorities for investors.
USD/CAD Forecast March 23-27 – Canadian Dollar Touches 1.46 On Financial Turmoil
Article By:
Yohay Elam
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Saturday, March 21, 2020 4:33 PM EDT
It was a dismal week for the Canadian dollar, which plunged almost 4%. USD/CAD went as high as 1.4667 before recovering later. There is only one event on the calendar. Here is an outlook at the highlights and an updated technical analysis.
In this article: FXC
The Economic Tsunami That Has Begun And The Drive For Cash
Article By:
Marc Chandler
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Saturday, March 21, 2020 1:18 PM EDT
With swarms of locusts in Africa and the Middle East and a particular virus spreading around the globe, the coming crisis may feel like the end of days. A consensus appears to be emerging of the largest contraction in global GDP in a generation.