The commodity supported Loonie has enjoyed a relatively smooth ride against the greenback as crude oil continue to recover. The recovery in oil prices overshadowed sentiment of a faster pace of rate hikes from the Federal Reserve. Demand for the greenback is expected to resurface as an uptick in the US bond yield could provide the required impetus ahead of the eagerly awaited inflation data from the US later today.
The pair got rejected around the 1.25443 support zone with the formation of a dragonfly doji, a signal that price might fly northward. I expect the pair to trade higher from around the support zone with a stop loss below the support region at around 1.24940 and a take profit at 1.26630.
CPI m/m (USD) 2:30 PM
Core CPI m/m (USD) 2:30 PM
FOMC Member Brainard Speaks (USD) 4:00 PM
10-y Bond Auction (USD) 7:01 PM
When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.
I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..
I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...
Oluwatuyi Timileyin Samuel
THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.
I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade