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USD/CAD rises on hawkish Fed, Bank of Canada holds rates - Capital Street FX

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  THE USD/CAD PAIR SURPASSES THE 1.3800 LEVEL DUE TO THE  UNCHANGED BOC POLICY . The USD/CAD pair rose above the key resistance level of 1.3800 in early Asian trading, bolstered by the Bank of Canada’s decision to maintain its current monetary policy and hawkish comments from Federal Reserve Chair Jerome Powell during his congressional testimony.. Although S&P500 futures showed some signs of recovery, it was not enough to boost market participants’ risk appetite. Furthermore, the 10-year US Treasury yields fell below 4.0%. The US Dollar Index experienced some volatility after the release of better-than-expected employment data from the Automatic Data Processing (ADP) agency. The data showed that job openings rose to 10.824 million, beating the consensus forecast of 10.6 million, while 242,000 jobs were added in the US, higher than the expected 200,000. The strong labor market data suggests that inflation may remain elevated as demand for talent increases, leading to higher...

Maximize Your Profits with Trading Bonuses: What You Need to Know - Capital Street FX

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  Are you looking for ways to maximize your profits while trading? Trading bonuses can be an effective tool to do just that, but do you know how to maximize your profits with them? In this article, we’ll discuss what trading bonuses are and how to use them to ensure maximum profits. TYPES OF BONUS Bonuses Trading bonuses  are a great way for traders to get more out of their investments by boosting their trading accounts and giving them access to more funds. There are several types of trading bonuses available, each offering different benefits and opportunities for traders. The most common type of trading bonus is the cash bonus. These bonuses come in the form of cash which can be used to boost trading accounts. It’s important for traders to understand the restrictions and usage conditions that come with cash bonuses. Cash bonuses should be used in responsible trading to ensure the best outcome from their investments. Another common type of trading bonus is the  leverage b...