• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

Canadian dollar modestly higher following the November jobs report

Started by forex4you, Dec 03, 2023, 10:08 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

Canadian dollar modestly higher following the November jobs report

USD/CAD is down 35 pips to 1.3527 following today's jobs report, that's about 20 pips lower than before the data but above the session low of 1.3518.

The broader market appears to be catching its breath today after a buzz-filled November. That's left several FX charts chopping around sideways today and opened the door for the loonie to take the lead. Many are waiting for Powell's comments at 11 am ET to set the top for the US dollar and risk trades.

In the bigger picture, USD/CAD is at a two-month low as the US dollar recedes at the tail end of a strong year. The market is pricing in aggressive Fed cuts, which is premature from where I stand but fits with historical precedent.



                This article was written by Adam Button at www.forexlive.com.

Source: Canadian dollar modestly higher following the November jobs report

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com