USD/CAD may continue to give back the advance from the February low (1.2468) as the exchange rate trades back below the 50-Day SMA (1.2718).
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USD/CAD may continue to give back the advance from the February low (1.2468) as the exchange rate trades back below the 50-Day SMA (1.2718).
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Euro briefly trades above 1.21 as ECB sources point to calm over bond yields. Oil prices bounce back on OPEC.
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Gold lacks fundamental support as it heads for new Fibonacci support
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The UK Budget later this session will be a major political event but is not likely to affect Sterling, although the currency could move on the accompanying economic forecasts.
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The US Dollar’s recent recovery against its major counterparts may prove short-lived as US real rates turn lower ahead of Federal Reserve Chair Jerome Powell’s upcoming speech.
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