Broker : Tickmill
Description : USDCAD Daily Outlook – On Thursday we had a mix of good and bad news. The US Jobless claims totaled 2.4 million, still elevated levels but a declining pace from previous weeks. Home sales dropped nearly 18% in April, while the decline in inventory pushed prices to a record high. Canada shed over two thousand jobs in April. Across the pond, the Eurozone economic downturn showed signs of easing as lockdowns lift, but the UK factories reported the biggest output drop in over 40 years.
Tickmill is a trading name of Tickmill Ltd, a member of Tickmill Group, which is regulated by the Seychelles Financial Services Authority (FSA). Tickmill provides premium trading products and services with transparency and innovative technology. With a proven track record of strong financial results and stable growth, Tickmill has put itself in an enviable position as a trusted market leader and innovator.