{"id":323847,"date":"2024-06-15T02:26:23","date_gmt":"2024-06-14T20:56:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=323847"},"modified":"2024-06-15T02:26:23","modified_gmt":"2024-06-14T20:56:23","slug":"trades-sideways-in-the-mid-1-3700-area-scotiabank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trades-sideways-in-the-mid-1-3700-area-scotiabank-crypto-news\/","title":{"rendered":"Trades sideways in the mid-1.3700 area \u2013 Scotiabank &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>The Canadian Dollar (CAD) is a relative outperformer in Friday&#8217;s\u00a0session, says Shaun Osborne, Chief FX Strategist at Scotiabank<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>USD\/CAD short-term trend momentum is weak<\/strong><\/h2>\n<p>\u201cDespite broader US Dollar (USD) strength and weak stocks, the CAD is a relative out-performer on the session. Volatility in Europe is helping support the CAD at the margin, with EUR\/CAD easing more than 1% on the week.\u201d<\/p>\n<p>\u201cMinor USD gains through the overnight session are showing signs of stalling out in the mid\/upper 1.37 area and Tuesday\u2019s weak close for the USD remains a net negative for USD\/CAD at the moment.\u201d<\/p>\n<p>\u201cShort-term trend momentum is weak, suggesting more range trading, with Tuesday\u2019s 1.3790 high likely to help keep USD gains in check. Support is 1.3690\/00.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian Dollar (CAD) is a relative outperformer in Friday&#8217;s\u00a0session, says Shaun Osborne, Chief FX Strategist at Scotiabank USD\/CAD short-term trend momentum is weak \u201cDespite broader US Dollar (USD) strength and weak stocks, the CAD is a relative out-performer on the session. Volatility in Europe is helping support the CAD at the margin, with EUR\/CAD [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,496,251,246,257,255,250,252,247,253,249,308,498,256,254],"class_list":["post-323847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-canada","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdcad","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=323847"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323847\/revisions"}],"predecessor-version":[{"id":323850,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323847\/revisions\/323850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5162"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=323847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=323847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=323847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}