Forex, Markets, Macro Economic News Discussion.

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USD/CAD is trading lower in today's session marking a third consecutive day of losses. The pair has been one of the most uncertain instruments to trade this year. Although it did have major swings up and down, since the end of January it depreciated with more than 2000 pips, thus becoming one of the top assets to lose its price in 2016.

Apart from that, since bottoming out, USD/CAD has been trading sideways making it very difficult for investors and traders to choose a direction and stick with it simply because there is no trend.
Lately, things haven't been much different. The pair went to a high of 1.3587 on Noe 14 and market multi-month high. After that high, it went as low as 1.3255 in today's session.
Lack of direction is the reason to be cautious when trading this market as price fluctuates to extreme highs and lows day in and day out.

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Despite the positive US news, the EUR/USD wasn't much affected. The pair remained in pre-data levels gravitating towards 1.0650. Now price is 1.0660 and it seems that it will stay that way until closing. Unemployment to 4.6% is positive with a nice move from 4.9. Here are the news:

USD Change in Non-farm Payrolls (NOV),
Actual: 178k
Expected: 180K
Previous: 142K

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EUR/USD continues its sideways trading after yesterday's initial dive post-news. The pair reached below 1.0590 and is now back above 1.06 currently at 1.0624. Volatility is expected to remain low as we approach the NFP and Jobs data scheduled for tomorrow morning US time.

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Better than expected US data pushed the price of the EUR/USD below 1.06 again earlier today. The pair is now 1.0580 and it looks like bears are again taking control over the trend.

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EUR/USD is trading slightly higher in today's session. The pair is back above the 1.06 mark and it looks it is caught in a range between 1.0660 and 1.0550.

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Uncertainty in EUR/USD continues to affect the market as the pair is now slightly higher trading at 1.0658 with a high of 1.0685. Market participants expect extreme volatility to continue as we enter into the week.

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EUR/USD is trading relatively unchanged in today's session. The pair is now 1.0596 and as it appears market participants are exhausted and will go into the weekend without much harm done today.

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EUR/USD is trading at 1.0539 while market participants are expecting the latest Advance Goods Trade Balance. The pair has been in the downturn since Trump's victory. As it seems, the Trump tidal wave proofed to be very resilient.

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EUR/USD appears to be caught in a struggle gravitating towards 1.0630. The pair tried to go below 1.0600 yesterday evening but was unsuccessful and bulls reacted quickly to the chance to buy the dips. CMP 1.0629.

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EUR/USD is trading higher in today's session after a few days of high volatility and uncertainty. Current market price is 1.0643, close to first resistance at 1.0650. If bulls manage to pull through that level then we might an attempt to go higher possibly above 1.0750 before the weekend. On the other hand, bears need to go below 1.06 in order for the bull run to be discontinued.

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EUR/USD is now more stabilized trading at 1.0630 as market participants are calmer. Uncertainty is still huge and anything can happen. The USD Index hit a 13.5 year high at 101.27.

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EUR/USD at 11-month low today. The pair reached as low as 1.0581 and is now trading around 1.06 which acts as strong support.

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EUR/USD is trading relatively unchanged in today's session. The pair is gravitating towards 1.0720 while market participants are expecting the latest US CPI data scheduled for later today.

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EUR/USD is trading at it's lowest since December 2015. The pair made a low of 1.0687 and is now gravitating towards that same low. Support is seen at 1.06. No news are expected today.

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EUR/USD is showing some strength after yesterday's low of 1.0709. The pair is now 1.0772 as market participants are expecting the latest Advance Retail Sales later today.