USD/CAD Poised to Resume Downtrend Ahead of Non-Farm Payrolls Report

September 04, 2020 at 07:30AM

The USD/CAD exchange rate appears poised to resume its 6-month downtrend ahead of the US Non-Farm Payrolls (NFP) report for August.

From: Daniel Moss
Selected by fonecable.com

Search Web: USD/CAD Poised to Resume Downtrend Ahead of Non-Farm Payrolls Report

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

DailyFX - Market News Daniel Moss Topbanner

EUR/JPY Price Analysis: Faces wall of resistance around the 20/100 DMA 8 August 2022

The EUR/JPY seesaws as the Asian Pacific session begins, just below the confluence of the 20 and 100-day EMA, around 137.99-138.19 area, amidst fragil

GBP/USD faces hurdles around 1.2080 as US Inflation hogs the limelight 8 August 2022

The GBP/USD pair is struggling to cross the immediate hurdle of 1.2080 and has marked its territory after a sheer downside move from the critical hurd

NZD/USD marches firmly around the 50-DMA at 0.6280 8 August 2022

The NZD/USD climbs as the New York session winds down, up 0.72%, as US equities finished mixed, reflecting a fragile mood. Nevertheless, in the FX spa

USD/JPY bears move in on a critical daily support area ahead of US CPI 8 August 2022

USD/JPY has been in recovery mode for the best part of a week, but it came up against resistance following last week’s strong July labour market data

Pound Sterling Price News and Forecast: GBP/USD retreats from the daily highs 8 August 2022

The GBP/USD records minimal gains after hitting a daily high at 1.2137, shy of the 50-day EMA at 1.2166, which has proven to be solid resistance in th

AMC Entertainment Stock News and Forecast: AMC extends its bullish route 8 August 2022

"Today we pounce" was the rallying call from AMC CEO Adam Aron to his AMC ape followers with the announcement of AMC preferred shares, which will trad

Forex Today: Adjusting positions ahead of US inflation figures 8 August 2022

What you need to take care of on Tuesday, August 9: The dollar eased on Monday as government bond yields retreated, providing support to stock markets

Gold Price Forecast: XAU/USD bulls stay the course but bears are lurking 8 August 2022

At $1,787.86, the gold price is firm at the start of the week, trading 0.7% higher having climbed from a low of $1,771.22 to a high of $1,790.04. Howe

AUD/USD rallies towards 0.6980s as buyers bulls-eye 0.7000 8 August 2022

The AUD/USD rallied during the North American session as the market mood turned mixed, with US equities fluctuating, while the greenback tumbles on th

EUR/USD bull trap could be in the making, eyes on US CPI 8 August 2022

EUR/USD is treading water in the green at the start of the week and holding up by 0.20% in the midday New York session. The pair has ranged between a

GBP/USD Price Analysis: Retreats from the daily highs, steadily around 1.2080 8 August 2022

The GBP/USD records minimal gains after hitting a daily high at 1.2137, shy of the 50-day EMA at 1.2166, which has proven to be solid resistance in th

USD/CAD likely to drop to 1.22 in the coming quarters – NFB 8 August 2022

The USD/CAD pair will likely decline toward 1.22 in the coming quarters with the oil/loonie correlation turning positive again, point out analysts at

NZD/USD peaks above 0.6300 helped by a weaker US dollar 8 August 2022

The NZD/USD is rising on Monday, although it trimmed gains during the last hours. The pair peaked at 0.6303 and then pulled back to 0.6280. It is posi

Gold Price Forecast: XAUUSD tests 50-DMA near $1790 as buyers eye $1800 8 August 2022

Gold price rises to fresh week highs around $1790 in the mid-New York session, as the greenback gets battered, down by 0.34%, per the US Dollar Index

USD/JPY trips down below 135.00 as US bond yields drop 8 August 2022

The USD/JPY begins the week on the wrong foot, slides below the 50-day EMA, on a soft US dollar, undermined by falling US Treasury yields, amidst an u

USD/CHF drops to lowest level in almost a week, eyes 0.9500 8 August 2022

The USD/CHF dropped further after the beginning of the American session and bottomed at 0.9521, reaching the lowest level since Tuesday. It is hoverin

Nvidia Stock Forecast: NVDA reeling after preliminary earnings disappoint 8 August 2022

Nvidia (NVDA) is down 6% at $178.55 after the world's premier GPU designer released preliminary second quarter forecasts that underwhelmed expectation

NY Fed: Median 1-year inflation expectation falls to 6.2% in July from 6.8% in June 8 August 2022

The Federal Reserve Bank of New York's monthly Survey of Consumer Expectations showed on Monday that the US Consumers' one-year inflation expectations

Upstart Earnings Preview: UPST stock rallies 14% in anticipation of Q2 beat 8 August 2022

Upstart Holdings (UPST), the down on its luck former pandemic star, has rallied 14% to $33.80 on Monday morning ahead of what appears to be a make-or

Gold Price Forecast: XAU/USD flirts with daily high, holds above $1,780 amid weaker USD 8 August 2022

Gold manages to attract fresh buying on Monday and builds on its steady intraday ascent through the early North American session. The XAU/USD climbs t

USD/CAD Poised to Resume Downtrend Ahead of Non-Farm Payrolls Report

September 04, 2020 at 07:30AM

The USD/CAD exchange rate appears poised to resume its 6-month downtrend ahead of the US Non-Farm Payrolls (NFP) report for August.

Search Web: USD/CAD Poised to Resume Downtrend Ahead of Non-Farm Payrolls Report

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Leave a Reply

Dollar Steady in Asia Ahead of Jobs Report

Russia Rate Cut in Question After Novichok Claim Hobbles Ruble

September 04, 2020 at 07:30AM

The USD/CAD exchange rate appears poised to resume its 6-month downtrend ahead of the US Non-Farm Payrolls (NFP) report for August.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

Leave a Reply

Related Post