USD/CAD heading towards 1.3000 - TDS

FXStreet (Guatemala) - The Bank of Canada’s rate cut shocker has added further momentum to the USD/CAD rally.

"The contrast between an easing BoC and the Fed moving towards policy normalization highlights the potential for further gains in USD/CAD in the medium term."

"The move up in USD/CAD does not look over extended technically nor does it look fundamentally unjustified."

"We think USD/CAD is heading towards 1.30 in the next few months from a technical point of view."

GBP/USD bears testing the bulls commitments at 1.5100/5080

GBP/USD is currently trading at 1.5103 with a high of 1.5181 and a low of 1.5076 and down 0.33% on the day.
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EUR/GBP retreats sharply from 0.7715

EUR/GBP jumped to 0.7713, reaching the highest price since January 15 after reports suggested that the European Central Bank would propose to buy 50 billion euros per month tomorrow.
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