Nakilat posts nine-month net profit of QR1.29bn
S&P 500 Rises on Earnings Optimism as Oil Declines: Markets Wrap
Meta’s global affairs officer Joel Kaplan to leave company after 15 years
BOE’s Greene Says UK Labor Market Is Not as Weak as Thought
First Horizon Bank Partners with Greenlight to Enhance Financial Literacy for Families
Versana and Allvue Form Strategic Partnership to Enhance Loan Market Data Connectivity
Carrefour blames French riots as it cuts profit forecast
Mastercard Unveils Agent Pay Technology for Digital Services at Cloudflare Connect
Meta tells Brazil court it ensures equal treatment of campaigns
Revolut services begin to recover after Google Cloud outage
Commercial Bank net profit before Pillar Two tax reaches QR1.64bn
Abra CFO Says Market Uncertainty Makes 2026 IPO ‘Very Difficult’
Audit regulator takes control of inquiry into Man City accounts
NatWest Requires Increased Office Attendance from Employees
Salmon Farmers Deploy Lasers, Robots to Meet Booming Demand
Centerbridge, Mubadala in Talks to Buy Canaccord’s UK Wealth Unit
Netflix Looks to Bounce Back From $135 Billion Wipeout
Senegal bonds drop as assembly president rejects budget plan
Zelenskiy meets Witkoff as US-Ukraine relations sink to new lows
Brazil’s Lula challenges Flavio Bolsonaro to make financial records public ahead of election
Stocks mostly rise as oil, US yields ease; euro edges up
Adidas Lifts Outlook on Robust Demand for Apparel, Sports Gear
META vs Tesla earnings setup ahead of Q3 2026 results
Merz warns over Berlin plans to seize landlords’ property
Legendary Revives Lionsgate Takeover Talks, Submits Offer
NatWest faces union backlash after asking staff to spend at least two days a week in office
Novo’s CagriSema helped women lose 25% of weight on average, analysis shows
UK stocks slip as banks and commodity-linked stocks weigh
French bond yields dip but remain near 24-year high in volatile trading
Community Banking Discussed as Solution to Food Poverty at Sustainable Finance Live Conference
Brazil’s Farm Lobby Will Gain Even More Power If Bolsonaro Wins
Heading to France? Amid Recent Unrest, Here’s What to Know
Albania's Protests Pile Pressure on Edi Rama
Gold Wavers as Traders Weigh US-Iran Talks, Fed Rate Path
Lithium Miner PLS Markets $700 Million Bond in Expansion Push
Citadel Securities considers fixed-income expansion to fill gaps - Bloomberg
Food importer files new lawsuit to block Trump’s Canada tariffs
US Social Security Agency corrects nearly 15% of records in database cleanup
Carney Spent Oil Windfall on Tax Write-off, Budget Watchdog Says
Canadian Dollar Hits Nearly One-Month High After Alberta Vote
Britain’s budget should build on its economic resilience
Brent slips in choppy session as investors weigh attacks on ships, Saudi infrastructure
U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.32%
Spain stocks higher at close of trade; IBEX 35 up 0.28%
We underestimated demand for air con, admits head of Britain’s grid operator
UK jobs market stabilises before Budget
Iran-US Negotiations Continue Amid Mixed Market Reactions
Netflix Set to Report Earnings Amid Focus on Ad-Supported Business and M&A Potential
European Stock Markets Close Mostly Lower Amid Middle East Tensions
Elon Musk Donates $158 Million to Ken Paxton's Senate Campaign in Texas
Disney’s Former CEO Is Getting $100,000 a Month as Activist’s Nominee for Vail Board
Prudential sheds Brazil, Mexico units to CNP for $4 billion as it narrows its focus
Poland stocks lower at close of trade; WIG30 down 0.20%
European stocks extend slide as French protests dent risk appetite
Iran-U.S. Negotiations Ongoing Amid Misleading Reports
Trump Administration Considered Military Strikes on Iran
WestJet Bonds Slide to Record Low as Fuel, Trade Tensions Rise
Treasuries Rise as Oil Retreats From Highest Levels in Weeks
GM Plans $20 Billion in Buybacks, but Warns of Bumpy 2027
Salesforce deepens AI bets with $5.66 billion Braze deal
Turkey stocks higher at close of trade; BIST 100 up 3.22%
Citadel's Esposito on Bank Partnerships, Fixed Income Growth
Citadel Looking to Grow in Fixed Income, Esposito Says
Netanyahu Discusses Iranian Regime with Trump
Why is Loblaw stock climbing today?
China criticizes US ban on DeepSeek AI from federal systems
Trump Tariffs on Canada Spark Latest Lawsuit Over Trade Powers
Sherritt dice que obtuvo licencia de EE.UU. para rescatar mina en Cuba
TransUnion Launches New Tools to Combat Synthetic Identity Fraud
USDCAD Experiences Decline Amid Market Volatility
The USDCAD currency pair has been on a downward trend since reaching a peak last Wednesday, where it stalled near the high of October 9. This decline has continued for four consecutive days, with the price dropping approximately 265 pips from a high of 1.42984 to a low of 1.4033. The movement has been characterized by a series of broken technical levels, which have bolstered sellers' confidence in the market.
Today, the pair tested the 100-day moving average at 1.4040, attracting some buying interest. Although the price briefly dipped below this level, it was unable to sustain the break, allowing buyers to push the pair back above the moving average. This recovery offers a modest technical advantage for buyers, who now have a reference point for risk management. However, they face significant hurdles ahead, particularly the resistance level at 1.40566, a prior corrective low from September 23, and the broken 38.2% retracement level at 1.40818.
Sellers have maintained control of the market, and a renewed break below the 100-day moving average would shift focus back to today's low at 1.4033. If this low is breached, traders may look towards the 50% midpoint at 1.40149 and potentially the 1.3950 area, where the 61.8% retracement of the previous upward move is located. While buyers have made a modest recovery, the overall trend remains bearish, and they must demonstrate sustained strength to reclaim higher levels.
Source: KLEA News