Daily Market Analysis 13|05|2021: USDCADMay 13, 2021 2021-05-13 8:31
Daily Market Analysis 13|05|2021: USDCAD
Buy is envisage if price trades above 1.21474 with take profit at 1.21711.
Sell is envisaged if price trades below 1.21036 with take profit at 1.20858.
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