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6 March 2024,03:47
Trading BlogTrading Knowledge
6 March 2024, 03:47
Get more information on how you can analyse signals using chart patterns and technical analysis.
As traders await additional signals from the Bank of Canada (BoC), they are also factoring in developments from the U.S. The impending testimony of Federal Reserve (Fed) Chair Powell before the Senate Banking Committee on Wednesday is expected to be under scrutiny. Should Fed officials express a hawkish note, it has the potential to strengthen the U.S. Dollar, presenting a hurdle for the USD/CAD pair.
Read some of the risk management strategies to help you in managing potential trading risks.
Stay updated on BoC news, data from Canada, and any shifts in the US Dollar’s strength by following our daily financial news or market insights articles.
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