Foreign exchange markets revived on Tuesday, moving in the wake of worries around the mysterious Chinese coronavirus, causing move to safe-heavens. On Wednesday, market sentiment is more optimistic as most indices are trying to shake off these fears, turning to growth.
Pound adds to the dollar for the third day, but has not yet played Friday’s drop. CAD unchanged to USD ahead of CPI release and Bank of Canada’s rate decision. As no changes expected, all attention focused on the statement and the subsequent BOC press conference.
Important upcoming events (GMT): 13:30 Ca !! Consumer Price Index 15:00 Ca !!! Bank of Canada Overnight Rate 15:00 US !! Existing Home Sales 16:15 Ca !!! Bank of Canada Press Conference
- Brent crude oil reversed from key support level 81.00 - Likely to test resistance…
- Silver broke multi-year resistance level 29.50 - Likely to reach resistance level 32.00 Silver…
The US dollar is not giving up without a fight, gaining for the second day…
Silver climbed above $29.8, rewriting the highs from January 2021, but once again faced selling…
Market picture The crypto market cooled off on Thursday afternoon, but on Friday morning, buyers…
- Amazon reversed from resistance level 190.00 - Likely to fall to support level 180.00…
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