EUR/CAD Exchange rate
Editors’ Picks
EUR/USD climbs above 1.0500 on renewed USD weakness
EUR/USD gains traction and trades above 1.0500 in the American session on Thursday. In the absence of high-tier data releases, improving risk mood makes it difficult for the US Dollar (USD) to find demand and helps the pair push higher.
GBP/USD rebounds from daily lows, trades above 1.2650
After falling toward 1.2600 on disappointing macroeconomic data releases from the UK, GBP/USD gathers recovery momentum and trades above 1.2650. The renewed US Dollar weakness helps the pair find a foothold as risk flows dominate the action heading into the weekend.
Gold finds some support at $2,660, upside remains capped
Gold (XAU/USD) is showing mild recovery from session lows at $2660, on Friday’s early American session. The US Dollar (USD) index is going through a significant reversal from two-week highs, which provides some support to Gold although the rising US Treasury yields are likely to keep buyers in check.
Bitcoin and Ripple stalls while Ethereum eyes rally
Bitcoin faces resistance near $101,100, hinting at a potential downturn. At the same time, Ethereum eyes a rally if it can firmly close above $4,000, and Ripple holds support at $1.96, with a breakdown signaling a possible decline.
Can markets keep conquering record highs?
Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.