EUR/CAD
EUR/CAD holds gains near 1.6000 as oil eases, Eurozone HICP eyed
EUR/CAD holds gains near 1.6000 as oil eases, Eurozone HICP eyed
EUR/CAD struggles near 1.5850 as oil prices support Canadian Dollar
EUR/CAD struggles near 1.5850 as oil prices support Canadian Dollar
Oil Crisis Roils Global Markets: DOW Tumbles, Dollar Index Eyes Reversal, EUR/CAD Dives
Global markets closed the week under the growing shadow of a rapidly escalating energy crisis. What began as a geopolitical confrontation in the Middle East has now evolved into a far broader macro shock, forcing investors to reassess everything from inflation risks and monetary policy to equity valuations and currency dynamics.
EUR/CAD falls to near 1.5850 due to higher Oil prices
EUR/CAD falls to near 1.5850 due to higher Oil prices
EURCAD Wave Analysis
EURCAD currency pair recently broke the support zone between the support level 1.6045 (which has been reversing the price from August) and the support trendline of the daily down channel from October and the lower boundary of the sideways price range from October at 1.6055.
EUR/CAD falls toward 1.5900 ahead of Eurozone HICP inflation data
EUR/CAD falls toward 1.5900 ahead of Eurozone HICP inflation data
Euro under siege as Middle East war exposes fragility, EUR/CAD to dive to 1.57
While the military theater of the US-Israel-Iran conflict is centered in the Persian Gulf, its economic epicenter is arguably the Eurozone. The sharp decline in Euro this week is not merely a broad flight into Dollar safety.
