Category: FX Street

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USD/CAD trades with modest losses, just below 1.3000 mark

USD/CAD trades with modest losses, just below 1.3000 mark

USD/CAD trades with modest losses, just below 1.3000 mark USD/CAD came under some renewed selling pressure on Thursday amid softer USD. A modest pullback in oil prices undermined the loonie and helped limit the downside. Holiday-thinned liquidity conditions also held traders from placing fresh bearish bets. The USD/CAD pair edged lower during the early North...

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NZD/USD: Outlook remains positive near-term – UOB

NZD/USD: Outlook remains positive near-term – UOB

NZD/USD: Outlook remains positive near-term – UOB The upside momentum in NZD/USD remains well in place with the next hurdle emerging at the 0.7060 level in the near-term, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we highlighted that ‘the advance appears to be overdone and further sustained NZD strength is unlikely’....

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USD/COP: Little chances to break below 3600 – CIBC

USD/COP: Little chances to break below 3600 – CIBC

USD/COP: Little chances to break below 3600 – CIBC The USD/COP pair is approaching the 3600 mark with the recovery of oil prices amid recent vaccine news. Recent action and a break below this level could open the path for a move towards 3350. However, analysts at CIBC maintain a cautious approach due to still...

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Crude Oil Futures: Upside looks healthy

Crude Oil Futures: Upside looks healthy

Crude Oil Futures: Upside looks healthy Traders increased their open interest positions in crude oil futures markets for the fourth session in a row on Thursday, now by around 29.5K contracts (the largest single day build since November 11) in light of flash data from CME Group. WTI now targets $50.00/bbl Prices of the WTI...

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USD/CHF: Attention remains in the recent 0.8983 low – Commerzbank

USD/CHF: Attention remains in the recent 0.8983 low – Commerzbank

USD/CHF: Attention remains in the recent 0.8983 low – Commerzbank USD/CHF declines to the lowest since November 09 during Thursday as was last seen trading around 0.9070. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, maintains a neutral to negative stance while the pair trades below the downtrend at 0.9152 and is closely...

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