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InvestingCube News Agency
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USD/CAD Climbs as Falling Oil Prices Weigh on Canadian Dollar Ahead of Key Resistance

USD/CAD Climbs as Falling Oil Prices Weigh on Canadian Dollar Ahead of Key Resistance

Summary:USD/CAD climbed toward weekly highs as falling oil prices weakened the Canadian dollar despite strong domestic trade data. Canada's trade surplus reached a four-year high, but the positive economic data was overshadowed by the sharp decline in crude oil prices.

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USDCAD USD/CAD
Source: InvestingCube
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Forexcom News Agency
Yesterday•Forexcom
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Gold Goes for Break – XAU/USD Massive Move Following $4k Support Build

Gold Goes for Break – XAU/USD Massive Move Following $4k Support Build

I looked into gold at the start of this week and as I said then, sellers were seemingly showing signs of stall as the $4k level had elicited multiple iterations of support. More recently, it was the higher-lows showing a degree of bullish anticipation, but it wasn't until this morning that buyers took that much needed next step, by pushing price up to a fresh monthly high.

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XAUUSD XAU/USD
Source: Forexcom
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Action Forex News Agency
Yesterday•Action Forex
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Gold Price Jumps and Violates Key Barriers on Fresh US-Iran Peace Hopes

Gold Price Jumps and Violates Key Barriers on Fresh US-Iran Peace Hopes

Gold price rose over 3% and hit the highest in nearly six weeks on Wednesday, lifted by fresh wave of optimism over a peace talks between the US and Iran, which eased inflation concerns and deflated the US dollar.

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XAUUSD XAU/USD
Source: Action Forex
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Forexcom News Agency
Yesterday•Forexcom
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Euro Technical Outlook: EUR/USD Breakout Faces Its First Major Test

Euro Technical Outlook: EUR/USD Breakout Faces Its First Major Test

EUR/USD technical analysis shows the currency pair rebounding off multi-year support after five straight weeks of testing, back into resistance. Michael Boutros, FOREX.com Senior Market Analyst, breaks down the euro-dollar picture across the monthly, weekly, daily and four-hour charts and the macro calendar shaping it.

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EURUSD EUR/USD
Source: Forexcom
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