EUR/CAD sheds 0.19% within 1.4585 to 1.4649 daily range

Published: May 27 2023, 09:20 GMT+0

EUR/CAD sheds 0.19% within 1.4585 to 1.4649 daily range

A quick look at yesterday: bearish sentiment ensured EUR/CAD finished yesterday's session lower. However, despite the downward bias, EUR/CAD etched out a distinct 1.4585 to 1.4649 session range.

While price action maintains a negative bias, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100. Canada Wholesale Sales (MoM) released yesterday at 12:30 UTC with a figure of 1.6, while the previous figure was -0.1. France Jobseekers Total released yesterday at 10:00 UTC is better than expected at 2.80 million but down from preceding data of 2.79 million according to new data.

Positive performances can be seen by looking at other currencies as GBP/NZD went up by 0.52% yesterday, and closed at 2.0417. GBP/JPY is trading around 173.63 after ending yesterday's session at 172.53 (up 0.64% today). USD/JPY went up by 0.41% yesterday, and closed at 140.62.

EUR/CAD is now trading 3.04% away from its significant high of 1.5086 first tested 24 days ago.

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