Canadian Dollar Climbs As Inflation Acceleratesfxcue.com

(fxcue news) - The Canadian dollar strengthened against its major counterparts in the New York session on Tuesday, following the release of hotter-than-expected inflation data for October. Data from Statistics Canada showed that the consumer price index rose 2.0 percent year-over-year in October, following a 1.6 percent increase in September. Economists had expected a 1.9 percent increase. On a seasonally adjusted monthly basis, the CPI rose 0.3 percent versus a flat reading in September. Core CPI, excluding food and energy, remained unchanged at 0.2 percent. The CPI report lowered expectations for a bigger rate cut by the Bank of Canada in December. The loonie touched 1.3968 against the greenback, setting a 6-day high. The currency is likely to locate resistance around the 1.36 level. The loonie rebounded to 0.9098 against the aussie following the data, from an early 1-week low of 0.9139. If the loonie rises further, it is likely to test resistance around the 0.89 region. The loonie rose to a 4-day high of 110.51 against the yen, from an early 4-day low of 109.25. The currency is poised to challenge resistance around the 112.00 level. In contrast, the loonie held steady against the euro and was trading at 1.4796. This may be compared to an early 5-day high of 1.4766.

Canadian Dollar Climbs As Inflation Accelerates

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Canadian Dollar Climbs As Inflation Accelerates

Sensex

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I took a two-day break and continued trading. Today, all gold purchases were profitable.

Make two gold trades and make a profit.

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

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Canadian Dollar Climbs As Inflation Accelerates

Indian Shares Seen Opening Slightly Higher

CPI Uptick

U.S. Housing Starts Tumble More Than Expected In October

Eurozone Inflation Rises To 2% As Estimated

European Stocks Close Weak On Geopolitical Concerns

U.S. Homebuilder Confidence Improves Much More Than Expected In November

Canadian Dollar Climbs As Inflation Accelerates

Sensex

Please sign in

Trader

I took a two-day break and continued trading. Today, all gold purchases were profitable.

Make two gold trades and make a profit.

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

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