Gold made an eight-month high overnight despite the US Dollar gaining against most currencies.
The US 10-year real yield dipped under 1.35% today as it continues to slide from the late December peak above 1.6%.
The real yield is the nominal Treasury note yield less the breakeven inflation rate for the same tenor. As gold does not possess an interest rate of...
Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.28.
The Canadian employment data released last Friday indicated a strong rebound in the jobs market from the previous month’s loss of jobs.
- Employment Change (Actual: 336.6K, Forecast: 132.0K, Previous: -200.1K)
- Unemployment Rate (Actual: 5.5%, Forecast: 6.2%, Previous:...
Overall, AUD/USD is trending upwards. Recently, AUD/USD bounced off the support zone of 0.73000.
AUD/USD’s next support zone is at 0.73000 and the next resistance zone is at 0.75000.
Look for short-term buying opportunities of AUD/USD.
Overall, USD/CAD is ranging across. Recently, USD/CAD broke above the key level of 1.27.
USD/CAD’s next support zone is at 1.26100 and its next resistance zone is at 1.29200.
Look for short-term selling opportunities of USD/CAD.
