Latest headlines on the U.S. – China trade conflict weighs on crude oil prices. WTI eases from 2019 highs. US Dollar Index recovers toward the 97 mark. The USD/CAD pair gained traction in the last hour as the commodity-related loonie came under selling pressure amid falling crude oil prices. As of writing, the pair was trading 1.3330, adding 0.2% on a daily basis. Citing three people familiar with the matter, Bloomberg on Thursday reported that the U.S. was planning to postpone the meeting between Chinese President Xi and Trump to end of April, hurting the market sentiment and weighing on crude oil prices. At the moment, the barrel of West Texas Intermediate, which touched its highest level since November at $58.65, is now trading at $58, losing 0.5% on a daily basis. Moreover, the bearish pressure surrounding European major currencies boosted the demand for greenback on Thursday to support the pair’s daily advance. Additionally, the 10-year T-bond yield is gaining nearly 1% on the day to help the US Dollar Index push higher in the session. Ahead of the weekly jobless claims and the import/export price index data from the U.S., the DXY is up 0.35% on the day at 96.80. Technical levels USD/CAD Trends: Daily SMA20: 1.3276 Daily SMA50: 1.3267 Daily SMA100: 1.3297 Daily SMA200: 1.3183 Levels: Previous Daily High: 1.337 Previous Daily Low: 1.329 Previous Weekly High: 1.3469 Previous Weekly Low: 1.3275 Previous Monthly High: 1.3341 Previous Monthly Low: 1.3069 Daily Fibonacci 38.2%: 1.3321 Daily Fibonacci 61.8%: 1.3339 Daily Pivot Point S1: 1.3271 Daily Pivot Point S2: 1.3241 Daily Pivot Point S3: 1.3192 Daily Pivot Point R1: 1.335 Daily Pivot Point R2: 1.3399 Daily Pivot Point R3: 1.3429 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK TradeMin Fox: Choices are limited, PM May’s deal only one on the table FX Street 4 years Latest headlines on the U.S. - China trade conflict weighs on crude oil prices. WTI eases from 2019 highs. US Dollar Index recovers toward the 97 mark. The USD/CAD pair gained traction in the last hour as the commodity-related loonie came under selling pressure amid falling crude oil prices. As of writing, the pair was trading 1.3330, adding 0.2% on a daily basis. Citing three people familiar with the matter, Bloomberg on Thursday reported that the U.S. was planning to postpone the meeting between Chinese President Xi and Trump to end of April, hurting the market sentiment and weighing on… 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.
