The pair dropped below 1.2700 ahead of the Bank of Canada’s monetary policy meeting. The regulator is expected to leave interest rates unchanged, which will support the Canadian currency as oil prices rise.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA …
Wednesday, January 20th, today’s news—European markets rise ahead of Joe Biden inauguration, American stocks are trading flat. Asian markets rise as Janet Yellen calls for big spending and Alibaba founder appears in public for the first time in three months, dollar is weaker. The price of Brent oil is $56.30, …
Futures contracts for gold prices fluctuated in an upward sloping range during the Asian session to witness their rebound for the second consecutive session from the lowest since the beginning of December amid the bounce of the US dollar index for the third session in a row from its high …
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