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[centfx]

Centfx

USD/CAD stays below 1.3650 because of the Fed's dovish outlook.

The USD/CAD pair gives up some of its recent gains, closing Monday's Asian session at 1.3630. The US Dollar's (USD) drop is ascribed to the less-than-expected US employment growth numbers that were announced on Friday. The likelihood that the Federal Reserve (Fed) may lower interest rates sooner rather than later has increased as a result of this. After rising by 218,000 in May, US nonfarm payrolls (NFP) grew by 206,000 in June. This amount exceeded the 191,000 market estimate. In June, the US unemployment rate increased slightly from 4.0% in May to 4.1%. Average Hourly Earnings, on the other hand, fell in line with market expectations in June, falling to 3.9% year over year from the prior reading of 4.1%.

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[alan-solarsh]

How Forex Experts Have Changed Forex World? - Alan Solarsh

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[ashikurrahman]

#USDJPY next move....... H1 chart

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