Technical Analysis

Pair remains in up-and-down consolidative range The BOC will announce their latest interest rate decision at 10 AM ET. To read Adam’s thoughts click here. From a technical perspective, the USDCAD has been consolidating in an up-and-down trading range over the last 8 – 9 trading days. Most of the trading has occurred between 1.25865 at 1.26976. There were two extensions to
German DAX closes at all-time high for the third consecutive day The major European indices are closing higher for the third consecutive day.  The German DAX closes at all-time high once again (3rd day in a row).   The provisional closes showing German DAX, +0.7% France’s CAC, +1.1% UK’s FTSE 100, unchanged Spain’s Ibex, +0.18% Italy’s FTSE MIB, +0.4% A snapshot