Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence

Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence

Canadian Dollar: USD/CAD (CAD=X) CPI indicated that the Bank of Canada could trigger central bank divergence With the strong oil prices and BOC’s likely monetary policy divergence, the USD/CAD pair drops to 1.3290 during Thursday’s Asian session. Following better than forecast Consumer Price Index (CPI) data from Canada, speculations were on the rounds that the […]

Canadian Dollar: USD/CAD (CAD=X) inflation is expected to slip below target

Canadian Dollar: USD/CAD (CAD=X) inflation is expected to slip below target

Canadian Dollar: USD/CAD (CAD=X) inflation is expected to slip below target The latest look at Canadian inflation today is expected to show price pressures easing in July from 2% down to 1.7%, while the core reading is expected to nudge 0.1% lower to 2.1%. If either of these expectations are missed on the downside, markets […]

Canadian Dollar: USD/CAD (CAD=X) price reflecting the buyer’s indecision to keep pushing higher

Canadian Dollar: USD/CAD (CAD=X) price reflecting the buyer’s indecision to keep pushing higher

Canadian Dollar: USD/CAD (CAD=X) price reflecting the buyer’s indecision to keep pushing higher On August 15, USD/CAD rallied to 1.3339 however, at this day the pair closed with a Doji candlestick, reflecting the buyer’s indecision to keep pushing the price higher. Consequently, the following day the price tested its weekly low. On August 14, the […]

Canadian Dollar: USD/CAD (CAD=X) rise marked by grinding price action, may fail

Canadian Dollar: USD/CAD (CAD=X) rise marked by grinding price action, may fail

Canadian Dollar: USD/CAD (CAD=X) rise marked by grinding price action, may fail The U.S. Dollar has been rallying against the Canadian Dollar since last month, but the rise in USDCAD hasn’t been particularly strong and has slowed even further in recent sessions. Sluggish price action suggests a break to the downside could soon be in the works. But before […]

Canadian Dollar: USD/CAD (CAD=X) further rise is still expected

Canadian Dollar: USD/CAD (CAD=X) further rise is still expected

Canadian Dollar: USD/CAD (CAD=X) further rise is still expected USD/CAD was bounded in consolidation below 1.3345 last week. Outlook is unchanged and initial bias stays neutral this week first. With 1.3177 minor support intact, further rise is still expected. On the upside, break of 1.3345 will extend the rebound from 1.3016 to 1.3564/3664 resistance zone. […]

Canadian Dollar: USD/CAD (CAD=X) nears resistance potential

Canadian Dollar: USD/CAD (CAD=X) nears resistance potential

Canadian Dollar: USD/CAD (CAD=X) nears resistance potential The topside theme has continued in USD/CAD after the earlier-week visit back down to 1.3200. As looked at yesterday, the big question is for how long this recovery might last and it looks as though prices are poised to soon set a fresh three-week-high. But, just above is an area of […]

Canadian Dollar: USD/CAD (CAD=X) retracement continues

Canadian Dollar: USD/CAD (CAD=X) retracement continues

Canadian Dollar: USD/CAD (CAD=X) retracement continues It was a month ago now that USD/CAD had bottomed-out. While the pair had spent much of the prior 17 months trending-higher, sticking to a bullish trendline for much of the time, the month of June brought a strong change of pace as the US Dollar fell while the Canadian Dollar […]

Canadian Dollar: USD/CAD (CAD=X) may soon bring bearish interest

Canadian Dollar: USD/CAD (CAD=X) may soon bring bearish interest

Canadian Dollar: USD/CAD (CAD=X) may soon bring bearish interest In the still developing camp of potential USD-weakness scenarios, USD/CAD may soon become of interest. The pair was in a hard-bearish trend during June and the first-half of July, eventually finding support just above the 1.3000 handle. A bullish reversal then followed and that’s lasted pretty much ever […]

Canadian Dollar: USD/CAD (CAD=X) economic calendar will be quiet with only the ADP payroll data and foreign securities purchases

Canadian Dollar: USD/CAD (CAD=X) economic calendar will be quiet with only the ADP payroll data and foreign securities purchases

Canadian Dollar: USD/CAD (CAD=X) economic calendar will be quiet with only the ADP payroll data and foreign securities purchases Canadian economic calendar will be quiet with only the ADP payroll data and foreign securities purchases on Thursday and Friday respectively. US inflation and the ongoing saga of trade headlines will guide the market as the […]

Canadian Dollar: USD/CAD (CAD=X) traders will continue to navigate uncertain waters awaiting domestic employment data

Canadian Dollar: USD/CAD (CAD=X) traders will continue to navigate uncertain waters awaiting domestic employment data

Canadian Dollar: USD/CAD (CAD=X) traders will continue to navigate uncertain waters awaiting domestic employment data The central banks of India, Thailand and New Zealand cut their benchmark interest rates on Wednesday as policy makers start walking the dovish walk. The Bank of Canada (BoC) had some breathing room after the Fed cut by 25 basis […]

Canadian Dollar: USD/CAD (CAD=X) resiliently moving upward

Canadian Dollar: USD/CAD (CAD=X) resiliently moving upward

Canadian Dollar: USD/CAD (CAD=X) resiliently moving upward The Loonie pair rang the opening bell on Wednesday near 1.3281 level and displayed a slight bearish price action. Anyhow, the pair took a bounce off from the stable 1.3271 support handle, moving upside. At 03:00 GMT, the USD/CAD pair was making rounds near 1.3315 multiple month top mark with […]

Canadian Dollar: USD/CAD (CAD=X) breakout testing initial resistance hurdle near six-week highs

Canadian Dollar: USD/CAD (CAD=X) breakout testing initial resistance hurdle near six-week highs

Canadian Dollar: USD/CAD (CAD=X) breakout testing initial resistance hurdle near six-week highs The Canadian Dollar is down nearly 2% against US Dollar with USD/CAD rallying to fresh six-week highs on the back of last month’s breakout. Despite broader Dollar weakness, Loonie has remains vulnerable with the immediate focus now on near-term uptrend resistance. These are […]

Canadian Dollar: USD/CAD (CAD=X) bulls might overtake the bears in the long run

Canadian Dollar: USD/CAD (CAD=X) bulls might overtake the bears in the long run

Canadian Dollar: USD/CAD (CAD=X) bulls might overtake the bears in the long run During the early hours, the Loonie pair had already shifted gears, shooting up from 1.3192 bottom mark to 1.3243 level. Laterwards, the pair appeared to slow down, maintaining a consolidation near 1.3226 level. Meantime, the Crude prices had appeared to drop since last Friday as the […]