USD/CAD is pushing higher as commodities currencies struggle. The pair is 0.25% higher on the session now trading at 1.3263. USD/CAD Daily Chart USD/CAD has pushed higher today as commodities currencies struggle. WTI is also trading lower today due to the fact that Trump didn’t comment on the trade deal with China as the market anticipated. Also today the market will get the latest API inventory level one day late as it was veterans day in the US on Monday. The USD is not performing all that well against its other major counterparts as USD/JPY and USD/CHF both have fallen. Today we also get the latest CPI data. This will be important as the Fed have stated one of the only cases for a rate change would be an extreme reading in inflation. If inflation is high the Fed would need to cut rates to control it and at the moment the target for the Fed is around 2% (for inflation). Looking at the daily chart now, the obvious target is the trendline resistance. Above that, there is also a resistance point at 1.3290. Additional Levels 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 S&P500 News: futures trade on the defensive below 3,080 FX Street 3 years USD/CAD is pushing higher as commodities currencies struggle. The pair is 0.25% higher on the session now trading at 1.3263. USD/CAD Daily Chart USD/CAD has pushed higher today as commodities currencies struggle. WTI is also trading lower today due to the fact that Trump didn't comment on the trade deal with China as the market anticipated. Also today the market will get the latest API inventory level one day late as it was veterans day in the US on Monday. The USD is not performing all that well against its other major counterparts as USD/JPY and USD/CHF both have… 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.
