Author Topic: EUR/CAD tumbles to daily lows stuffy 1.5100 p.s.-GDP  (Read 183 times)

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EUR/CAD tumbles to daily lows stuffy 1.5100 p.s.-GDP
« on: November 30, 2018, 04:41:19 PM »
Forex News - EUR/CAD tumbles to daily lows stuffy 1. 5100 p. s. -GDP

The fuming drops to lows following needy GDP figures.
Canadian GDP selected 0. 1% MoM in September.
On a yearly basis, GDP expanded 2. 1% in Q3.
 
 
Renewed weakness surrounding the Canadian Dollar is now forcing EUR/CAD to slip to session lows near the 1. 5100 handles.
 
EUR/CAD offered upon data
 
The irritated has accelerated the daily downside after Canadian GDP figures noted the economy settled at a monthly 0. 1% during September vs.  a 0. 1% expansion forecasted.
 
Further data proverb the economy expanding at an annualized 2. 0% QoQ during the July-September time from 2. 9% in the previous quarter.
 
In the meantime, the mad remains oppressive to multi-hours of day peaks subsequently to the backdrop of declining substandard oil prices and uncertainty in the US-China trade front.
 
EUR/CAD levels to watch
 
As of writing the mad is losing 0. 08% at 1. 5120 and a surpass of 1. 5149 (high Nov. 21) would tolerate breathe 1. 5294 (200-day SMA) and finally 1. 5327 (High Sep. 27).  On the new hand, the immediate preserve is located at 1. 5079 (100-day SMA) followed by 1. 5013 (21-day SMA) and subsequently 1. 4948 (low Nov. 23).
 
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EUR/CAD tumbles to daily lows stuffy 1.5100 p.s.-GDP
« on: November 30, 2018, 04:41:19 PM »

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