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Forex: USD/CAD flat around 1.0300, NFP eyed

The Canadian dollar is trading almost unchanged from yesterday’s close, returning to the boundaries of the key limestone at 1.0300 after hitting intraday lows around 1.0315 overnight.

Canadian docket looks very interesting as the unemployment rate plus housing data would be released, alongside the US labour market data.

At the moment, the cross is advancing 0.02% at 1.0297 with the next resistance at 1.0329 (high Mar.7) followed by 1.0337 (high Mar.6) and then 1.0343 (2013 high Mar.1).
On the other hand, a breakdown of 1.0255 (low Mar.6) would expose 1.0217 (low Feb.28) and finally 1.0206 (low Feb.25).

Forex: EUR/CAD retraces European gains ahead of Canada labor data

The European session allowed a jump to 1.3540 high but it was later retraced back to the opening of 1.3493. The cross is remaining under 1.3500 mark at the time of writing and as the market gets ready for the release of Canada labor market data.
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ECB and BoE easing risks remain finely balanced - TD Securities

RBA, BoC, ECB, and BoE all came into the week with risks skewed to being more dovish than expected and all disappointed, says the TD Securities team.
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