USDCAD could correct tomorrow on BOC Gov Poloz's speech; AUD has good potential on downside [Video]

Bradley Gilbert Traders4Traders

The CAD was the main game with the USDCAD popping 100 points after the Bank of Canada did a complete U-turn on potential rate hikes and current high inflation. The AUD & CAD are in the firing line with more key data today.

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Bradley Gilbert

Traders4Traders

With over 20 years trading experience throughout every major financial centre, Traders4Traders was founded by an experienced, well respected trader in the industry.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.