FXstreet.com (Barcelona) - The light economic data calendar will let markets dwell on the European situation and focus on the US Q2 GDP on Friday. TD Securities analysts expect more range trading for the USD/CAD and weakening EUR/CAD and CAD/JPY. “On the charts, USD/CAD support at 1.0050 held up last week, leaving funds essentially range bound”, wrote the economists, as they look for support on dips to the 1.0120/30 area and for offers to slow USD gains around 1.0225/30 (40-day MA).
EUR/USD May 26 at 07:00 GMT
1.2934/38 (0.00%)
H1.2936 L 1.2936
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
