WTI adds more than 1% on Tuesday. US Dollar Index stays calms near 97 handle. Coming up: February CPI data from the U.S. After spending the Asian session in a very narrow range below the 1.34 mark, the USD/CAD pair staged a modest recovery in the last hour and was last seen trading at 1.3410, where it was up 0.15% on a daily basis. Although investors seem to be staying on the sidelines ahead of the inflation data from the U.S., rising crude oil prices support the commodity-sensitive loonie. As of writing, the barrel of West Texas Intermediate is trading above $57 and gaining more than 1% on the day. Reports of Saudi Arabia planning to intensify its output cuts before the April OPEC meeting are boosting crude oil prices since the start of the week. On the other hand, the greenback stays under pressure for the third straight trading day on Tuesday with markets staying focused on hopes of British lawmakers accepting PM May’s tweaked Brexit deal later today. At the moment, the US Dollar Index is staying flat on the day near the 97 handle. Previewing today’s critical CPI data, “Price pressures will benefit higher food and gasoline prices and another solid 0.2% increase in core CPI, leaving the latter unchanged at 2.2% y/y. There is risk for a slight deceleration in shelter, but we expect strength elsewhere, including tariff-related categories, medical care and airfares,” TD Securities analysts said in a recently published report. Key technical levels Trends: Daily SMA20: 1.3268 Daily SMA50: 1.3278 Daily SMA100: 1.3292 Daily SMA200: 1.3179 Levels: Previous Daily High: 1.344 Previous Daily Low: 1.3392 Previous Weekly High: 1.3469 Previous Weekly Low: 1.3275 Previous Monthly High: 1.3341 Previous Monthly Low: 1.3069 Daily Fibonacci 38.2%: 1.3411 Daily Fibonacci 61.8%: 1.3422 Daily Pivot Point S1: 1.3377 Daily Pivot Point S2: 1.3361 Daily Pivot Point S3: 1.3329 Daily Pivot Point R1: 1.3425 Daily Pivot Point R2: 1.3457 Daily Pivot Point R3: 1.3473 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: Attorney General Cox to deliver oral statement at 12:30 GMT FX Street 4 years WTI adds more than 1% on Tuesday. US Dollar Index stays calms near 97 handle. Coming up: February CPI data from the U.S. After spending the Asian session in a very narrow range below the 1.34 mark, the USD/CAD pair staged a modest recovery in the last hour and was last seen trading at 1.3410, where it was up 0.15% on a daily basis. Although investors seem to be staying on the sidelines ahead of the inflation data from the U.S., rising crude oil prices support the commodity-sensitive loonie. As of writing, the barrel of West Texas Intermediate is trading… 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.
