Another round of USD buying - Forex News by FX Leaders

Another round of USD buying

Posted Tuesday, May 10, 2016 by
Skerdian Meta • 1 min read

The US Dollar seems to be enjoying some good demands recently. EUR/USD has been in retreat in the last 4-5 trading days and USD/JPY has made some reasonable gains. But the biggest rally has been in USD/CAD. Last night we opened a short term buy forex signal in this pair but it missed it by one mere pip overnight. It got triggered an hour ago though during this wave of USD buying.

USD/CAD jumped 70 pips in the last two hours

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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