Thursday, 5 February 2015

Forex Market: EUR/CAD daily trading forecast

Yesterday’s trade saw EUR/CAD within the range of 1.4208-1.4351. The pair closed at 1.4254, gaining 0.04% on a daily basis.
At 8:07 GMT today EUR/CAD was down 0.05% for the day to trade at 1.4246. The pair touched a daily low at 1.4221 at 3:25 GMT.
FundamentalsEuro area
Services PMIs
Services sector in Spain probably registered higher activity in January, with the respective Purchasing Managers’ Index climbing to 54.9, according to expectations, from 54.3 in December. If so, this would be the highest PMI value since October 2014, when the indicator was reported at 55.9. The official value for January is due out at 8:15 GMT.

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