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5 Feb 2015

USD/CAD dives to new session lows

FXStreet (Mumbai) - USD/CAD inched lower in the mid-European session, reversing its gains from the previous session, largely on profit taking after the recent greenback rally.

US Data eyed

Currently, the USD/CAD pair traded lower by -0.29% at 1.2536 levels, having retested 1.2600 levels for the second straight day. A drop in oil prices put heavy pressure on the commodity-based loonie yesterday. Moreover, an improvement in the US services sector also boosted the USD/CAD pair.

Meanwhile, traders now await employment data from the US and Canadian Trade balance data for further moves on the commodity currency.

USD/CAD Technical Levels

To the upside, the next resistance is located at 1.2586 levels and above which it could extend gains 1.2644 levels. To the downside immediate support might be located at 1.2500 levels, below that at 1.2386 levels.

Feb 5, 2015

AUD/USD toying with 0.7800

The Aussie dollar is prolonging its intraday recovery on Thursday, pushing AUD/USD to the boundaries of 0.7800 the figure...

WTI Crude steadies

The Crude prices in the US steadied post 9% losses seen in the previous session as supply concerns resurfaced after the data showed inventories in the US rose to record highs.