| USDCAD is the symbol in focus this week as important data from Canada approach and there are signs of divergence in economic performance and monetary policy between Canada and the USA. The price of dollar-loonie has failed twice to push below $1.355 since the middle of last month and now might start to show strength as the US dollar recovers. The loonie traditionally has among the strongest correlations with crude oil in forex trading, so oil's recent decline might hit the Canadian dollar too. The focus of data this week is on the Fed's minutes and Friday's Canadian job report. Trading is risky. Trade with care and keep watching our informative videos to enhance your trading skills and strategies. #USDCAD #forextrading #forex #forexanalysis #marketoutlook #forexmarkets |
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