fbpx

Daily Market Analysis 13|05|2021: USDCAD

Instrument: USDCAD

Technical Analysis

Bullish Preference: 
Buy is envisage if price trades above 1.21474 with take profit at 1.21711.
Bearish Preference: 
Sell is envisaged if price trades below 1.21036 with take profit at 1.20858.

Fundamentals:
USD 1:30 PM Unemployment Claims


Comment:  The dollar jumped Wednesday, riding the sharp upswing in U.S. bond yields following a red-hot 
inflation report for April that could continue as Federal Reserve members downplay growing price pressures.
U.S. bond yields jumped sharply higher following the report, with 10-year yields rising to nearly 1.68% its highest in two-weeks. The 10-year Treasury yields did ease slightly from highs, however, following a strong auction that showed investors demand for the note remains well supported.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping