Tools for TradersTop Movers | Heat Map | Pivot Point | Pivot Meters | Action Bias | Volatility Charts Action InsightDollar Stays Weak after FOMC Minutes, Canadian Dollar Jumps after BoC Dollar stays generally soft as FOMC minutes delivered little surprise overnight. Fed is generally still expected to hike interest rate again in June. The plan for shrinking the balance sheet was outli... BOC Stayed Pat. Subdued Inflation Offset Strong Growth Prospect Bank of Canada left the policy rate unchanged at 0.5% in May. Canadian dollar rallied to a 1-month higher against the US dollar after the announcement. Although the decision had been widely anticipate... Trade Ideas** Subscribe to our Trade Idea Alerts Here ** Trade Idea: EUR/GBP - Buy at 0.8575 As the single currency retreated after our anticipated rise to 0.8675, suggesting consolidation below this level would be seen and pullback to 0.8600-05 cannot be ruled out, however, still reckon d... Trade Idea Wrap-up: USD/JPY - Sell at 112.40 or buy at 111.50 The greenback has rebounded after holding above support at 110.86, suggesting near term upside risk remains for the corrective rise from 110.24 low to extend gain to 112.05 (50% Fibonacci retraceme... Technical OutlookUSD/CAD Daily Outlook USD/CAD's decline continues today and reaches as low as 1.3394 so far today. Intraday bias remains on the downside as the fall from 1.3793 is targeting 1.3222 support next. As noted before, corrective... Options & OrdersUS session: options and orders watch EUR: Euro found support at 1.1170, however, offers are noted at 1.1200-05, 1.1225-0, sell orders are reported at 1.1250, 1.1275-80 and 1.1300, selling interest is tipped at 1.1320, 1.1350 and 1.138... ContributorsU.S. GDP Growth Likely To Remain Under 3% Target Unless Productivity Improves Loonie Poised To Bounce Back As The Week Closes FOMC Minutes Give the Go ahead to June Hike FOMC Minutes: Fed Outlines QT Principles And Expects To Hike 'Soon' USD/CAD Canadian Dollar Higher After Central Bank Holds Rate Economic Data
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