The Canadian economy started Q2 with no change. This was slightly better than a drop of 0.1% that was expected, but fails to cheer the loonie, as no growth isn’t such good news. USD/CAD, which was falling prior to the release, is now back up. Canada’s largest trading partner, the United States, isn’t doing too well either. Once again, the weekly jobless claims disappointed and remained at a high level of 428K. This is a very minor drop of 1000 claims. A drop to 419K was expected. This is also weighing on the Canadian dollar. USD/CAD is struggling around the support line of 0.9667. Below, 0.96 and 0.9525 provide support .Above, 0.9750 and 0.9816 are resistance. For more levels, see the Canadian dollar forecast. The Canadian dollar enjoyed a nice rise after the Greek vote. A risk appetite sentiment sent the US dollar lower across the board. The Canadian dollar enjoyed this, and also the rise in oil prices, that managed to recover after the blow they got from IEA last week. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD Remains Trapped In Range, For Now! Gregor Horvat 12 years The Canadian economy started Q2 with no change. This was slightly better than a drop of 0.1% that was expected, but fails to cheer the loonie, as no growth isn't such good news. USD/CAD, which was falling prior to the release, is now back up. Canada's largest trading partner, the United States, isn't doing too well either. Once again, the weekly jobless claims disappointed and remained at a high level of 428K. This is a very minor drop of 1000 claims. A drop to 419K was expected. This is also weighing on the Canadian dollar. USD/CAD is struggling around the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
