Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

17.07.2019: USD exhausts its rally? (USD, CAD)

After a two-day rally, the US dollar is making a correctional decline. Let’s watch a video news on InstaForex TV channel to find out how and why the US currency is losing ground across the board.
The greenback came under pressure as investors are revising their portfolios. Yesterday, the US dollar index gained almost 0.5% in light of upbeat macroeconomic data from the US. Investors cheered a stronger-than-expected report on retail sales which rose 0.4% in June.
Meanwhile, sellers of the euro/dollar pair are losing influence in the market that enables the euro to remain above 1.1200.
On Wednesday, the euro found support from the eurozone’s inflation data for June which surpassed slightly flash estimates. On the other hand, statistics on the US housing construction did not encourage the US dollar.
In other words, the euro/dollar pair lacks strength to break resistance at 1.1280-1.1290 that invited sellers back to the market and pushed the pair down. The euro will hardly be able to assert strength as the ECB is planning to introduce new stimulus measures, including a rate cut and a revival of QE program. So, the regulator is likely to update its forward guidance soon.
Another factor behind the euro’s weakness is appointment of Christine Lagarde as the ECB President.
The US dollar is easing versus the Canadian dollar which climbed nearly 25 pips following an inflation report from Canada. Its annual inflation rate fell to 2.0% in June. However, investors took little notice of this data as the actual inflation rate coincided with the forecast.
Nevertheless, the USD/CAD pair is unlikely to develop a rally amid sliding yields of US Treasuries and notable recovery of oil prices.
In this context, it would make sense to wait for steady growth of the pair. We should make sure that the pair heads for the strong resistance area of 1.3145-1.3150.
That’s all for today. We wish you profitable deals. See you tomorrow on InstaForex TV channel!

FX Analytics -
Forex Calendar -
Forex TV from InstaForex -

Forex charts -
Instant account opening -
Forex Trading Contests -

List of official InstaForex blogs:

#forex_news #american_session #instaforex_tv
← back to video list

Geography with InstaForex

Geography with InstaForex

Market TV Review

Market TV Review

InstaForex TV Interview

InstaForex TV Interview

InstaForex TV News

InstaForex TV News