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EUR/USD Signal (Date: 05-Apr-2022) Status: Close ENTRY POINT: Sell at 1.0966 TAKE PROFIT: 1.0935 STOP LOSS: 1.1007

USD/CAD holds close 1.3350 as Loonie consolidates gains Canadian dollar: best performer along in the middle of majors very very more or less Friday boosted by economic data and slapdash oil prices. USD/CAD: worst hours of the day past February 22. The USD/CAD pair is nearly to cease the week hovering regarding 1.3360, posting a daily loss of vis--vis 60 pips, the biggest slide since mid-February. The loonie recovered unexpectedly, making a reversal from 3-week lows. The loonie jumped across the board taking into account that the Canadian GDP checking account that surpassed expectations. The economy expanded 0.3% in January even if puff consensus bitter to a flat reading. Outside of dynamism, the entire quantity picked taking place nicely behind than GDP excluding oil and gas uphill 0.5% in the month and 2% on top of the last year. Overall, today's data remain consistent as soon as our view that the economy's soft patch on top of Q4/18 and Q1/19 will prove transitory, said Josh Nye, Senior Economist at RBC Economics Research. Another sure contribution to the loonie upon Friday were slapdash oil prices. The WTI rose above $60.00 to the highest in four months. Regarding the US dollar, it is happening reasoned of European currencies and the yen but is falling contiguously commodity and emerging assert currencies. Data from the US came in impure (soft PCE price index and upbeat housing data) not helping the dollar. Canadian dollar: best performer along in the middle of majors very very more or less Friday boosted by economic data and slapdash oil prices. USD/CAD: worst hours of the day past February 22. The USD/CAD pair is nearly to cease the week hovering regarding 1.3360, posting a daily loss of vis--vis 60 pips, the biggest slide since mid-February. The loonie recovered unexpectedly, making a reversal from 3-week lows. The loonie jumped across the board taking into account that the Canadian GDP checking account that surpassed expectations. The economy expanded 0.3% in January even if puff consensus bitter to a flat reading. Outside of dynamism, the entire quantity picked taking place nicely behind than GDP excluding oil and gas uphill 0.5% in the month and 2% on top of the last year. Overall, today's data remain consistent as soon as our view that the economy's soft patch on top of Q4/18 and Q1/19 will prove transitory, said Josh Nye, Senior Economist at RBC Economics Research. Another sure contribution to the loonie upon Friday were slapdash oil prices. The WTI rose above $60.00 to the highest in four months. Regarding the US dollar, it is happening reasoned of European currencies and the yen but is falling contiguously commodity and emerging assert currencies. Data from the US came in impure (soft PCE price index and upbeat housing data) not helping the dollar.

Dollar taking place as investors brace for volatile markets; Fed meeting The euro edged the length of coarsely Monday as investors bought the dollar and prepared for volatile markets ahead of U.S.-China trade talks and a Federal Reserve policy decision. Investors have focused in this area the subject of Wednesday's Fed meeting together in addition to policymakers are conventional to signal a discontinue in their tightening cycle and to declare you will growing risks to the U.S. economy. That will likely weigh almost the greenback, which has fallen 1 percent since late December, after enjoying a boost from the Fed's four rate increases in 2018. On Monday, however, the dollar was buoyed by safe-waterfront buying as traders anxiously await news from U.S.-China talks just about Tuesday and Wednesday to see if the world's largest economies can comply a compromise on the subject of trade. "Unless there is psychiatry in negotiations, we suspect the cautiously risk swell setting can continue - which should favor higher-malleable below-valued emerging sustain currencies closely the dollar," said Chris Turner, head of foreign disagreement strategy at ING in London. The dollar index, a gauge of its value linked together in the middle of six major peers was marginally merged at 95.896, after falling 0.8 percent harshly speaking Friday. Conformity last week to reopen the U.S. supervision for now after a prolonged shutdown condensed fortune-hunter demand for the safety of the greenback. "The general admin for the dollar is yet the length of and markets will be taking cues from the FOMC this week," said Sim Moh Siong, currency strategist at Bank of Singapore. "The Fed will most likely save rates steady this year final the disclose of economic lump uncovered the U.S." The dollar fell 0.1 percent the length of the offshore yuan to 6.7406. The rally in the yuan then fueled a bounce in the Australian dollar, which gained 0.18 percent versus the dollar to $0.7195. Traders are bearish upon the dollar for 2019. The euro was marginally weaker upon Monday at $1.14. The single currency managed to cling upon to a 0.4 percent profit made last week despite the European Central Bank downgrading its ensue forecasts for the close term. Growth data out of Europe's economic powerhouses such as Germany and France have been weaker-than-usual and analysts expect the ECB to remain dovish for a lengthy mature. Traders concur Europe's slowdown and a dovish ECB are priced into the euro, which has traded in a $1.12-$1.16 range highly developed than the last three months. Sterling drifted degrade upon Monday after posting its biggest weekly rise in greater than 15 months last week as investors consolidated positions in the back a series of votes in the British parliament upon Tuesday that will face to fracture a Brexit deadlock. Analysts expect sterling to remain volatile. Britain is set to leave the European Union upon March 29, but the country's members of parliament remain in the distance from agreeing to a divorce unity.