Canadian Dollar: USD/CAD (CAD=X) strong fundamentals and a central bank likely to keep rates steady

Canadian Dollar: USD/CAD (CAD=X) strong fundamentals and a central bank likely to keep rates steady

Canadian Dollar: USD/CAD (CAD=X) strong fundamentals and a central bank likely to keep rates steady The Canadian lower dropped 0.19 percent on Friday, but given strong fundamentals and a central bank likely to keep rates steady the Loonie was the only major currency to end in the black against the greenback this week. Job numbers in Canada were lower than expected […]

Canadian Dollar: USD/CAD (CAD=X) corrected lower recently and tested the key 1.3430 support area

Canadian Dollar: USD/CAD (CAD=X) corrected lower recently and tested the key 1.3430 support area

Canadian Dollar: USD/CAD (CAD=X) corrected lower recently and tested the key 1.3430 support area The US Dollar remained strong above the 1.3400 level against the Canadian Dollar. The USD/CAD pair climbed towards the 1.3500 level before it started a downside correction. A swing high was formed at 1.3502 before the pair declined below the 1.3465 […]

Canadian Dollar: USD/CAD (CAD=X) Market focus will be on April’s Ivey PMI

Canadian Dollar: USD/CAD (CAD=X) Market focus will be on April’s Ivey PMI

Canadian Dollar: USD/CAD (CAD=X) Market focus will be on April’s Ivey PMI It’s also a relatively busy week ahead for the Loonie. Market focus will be on April’s Ivey PMI, due out on Tuesday, trade data on Thursday and April employment figures on Friday. With the stats having been on the quieter side since the […]

Canadian Dollar: USD/CAD (CAD=X) remains in dovish mode and policymakers have acknowledged that the economic slowdown was deeper than the bank expected

Canadian Dollar: USD/CAD (CAD=X) remains in dovish mode and policymakers have acknowledged that the economic slowdown was deeper than the bank expected

Canadian Dollar: USD/CAD (CAD=X) remains in dovish mode and policymakers have acknowledged that the economic slowdown was deeper than the bank expected USD/CAD posted gains for a second successive week, and the pair punched above the 1.35 line for the first time in 2019. This week’s key event is Canadian GDP. Here is an outlook for the highlights […]

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices

Canadian Dollar: USD/CAD (CAD=X) underpinned by a surge in oil prices USD/CAD has edged lower in the Monday session. In the North American session, the pair is trading at 1.3372, down 0.14% on the day. It’s a quiet start to the week, with no Canadian events. In the U.S., there is only one release. Existing […]

Canadian Dollar: USD/CAD (CAD=X) release of housing starts and building permits this week

Canadian Dollar: USD/CAD (CAD=X) release of housing starts and building permits this week

Canadian Dollar: USD/CAD (CAD=X) release of housing starts and building permits this week USD/CAD showed limited activity last week and ended the week with slight gains. There are no major Canadian events in the upcoming week. We’ll get a snapshot of the strength of the housing sector, with the release of housing starts and building permits. The […]

Canadian Dollar: USD/CAD (CAD=X) lack of fundamental triggers to push the pair decisively in any direction

Canadian Dollar: USD/CAD (CAD=X) lack of fundamental triggers to push the pair decisively in any direction

Canadian Dollar: USD/CAD (CAD=X) lack of fundamental triggers to push the pair decisively in any direction The Canadian dollar today attempted to rally higher against its US counterpart in the American session after the release of the upbeat Canadian Ivey PMI data. The USD/CAD currency pair today traded mostly directionless amid a lack of fundamental triggers to push the pair decisively in any direction. The USD/CAD currency pair today rallied […]

Canadian Dollar: USD/CAD (CAD=X) Bank of Canada Governor Poloz Speech

Canadian Dollar: USD/CAD (CAD=X) Bank of Canada Governor Poloz Speech

Canadian Dollar: USD/CAD (CAD=X) Bank of Canada Governor Poloz Speech The market will be closely watching the Bank of Canada Governor Stephen Poloz’s comments regarding his market expectations. His view may help the market participants to predict the possible interest-rate movements. Canada has joined the US with regards to having an Inverted Yield Curve on 21 March. […]

Canadian Dollar: USD/CAD (CAD=X) Facing Many Hurdles

Canadian Dollar: USD/CAD (CAD=X) Facing Many Hurdles

Canadian Dollar: USD/CAD (CAD=X) Facing Many Hurdles GBP/USD climbed higher and settled above the 1.3210 resistance level. USD/CAD corrected higher, but it failed to break the key 1.3370 resistance area and later declined. Important Takeaways for GBP/USD and USD/CAD The British Pound gained bullish momentum and traded above the 1.3200 resistance area. There is a […]

Canadian Dollar: USD/CAD (CAD=X) bias is neutral

Canadian Dollar: USD/CAD (CAD=X) bias is neutral

Canadian Dollar: USD/CAD (CAD=X) bias is neutral USD/CAD dropped to 1.3289 last week but drew support from 55 day EMA and recovered. Initial bias is neutral this week first. On the upside, break of 1.3371 minor resistance will suggest that pull back from 1.3467 has completed. That will also revive the bullish case that rise […]

Canadian Dollar: USD/CAD (CAD=X) slides on dovish BoC

Canadian Dollar: USD/CAD (CAD=X) slides on dovish BoC

Canadian Dollar: USD/CAD (CAD=X) slides on dovish BoC USD/CAD recorded strong gains for a second successive week, climbing close to 1 percent. There are only two events on the calendar in the week ahead. Here is an outlook for the highlights of this week and an updated technical analysis for USD/CAD. The Bank of Canada maintained the […]

Canadian Dollar: USD/CAD (CAD=X) opportunity for an eventual up-move towards reclaiming the 1.3400 round figure mark

Canadian Dollar: USD/CAD (CAD=X) opportunity for an eventual up-move towards reclaiming the 1.3400 round figure mark

Canadian Dollar: USD/CAD (CAD=X) opportunity for an eventual up-move towards reclaiming the 1.3400 round figure mark  •  The pair built on last week’s strong up-move and continued scaling higher through the mid-European session on Tuesday to hit multi-week tops in the last hour.    •  Yesterday’s bullish break through a short-term descending trend-line resistance was […]

Canadian Dollar: USD/CAD (CAD=X) continues its upside movement

Canadian Dollar: USD/CAD (CAD=X) continues its upside movement

Canadian Dollar: USD/CAD (CAD=X) continues its upside movement The US Dollar has been moving with low volatility against the Canadian Dollar since Monday’s trading session. The currency pair made a 67 pips movement during the last 24 hours. Everything being equal, it is likely that the currency exchange rate continues its upside movement within this […]

Canadian Dollar: USD/CAD (CAD=X) economic data has been mixed

Canadian Dollar: USD/CAD (CAD=X) economic data has been mixed

Canadian Dollar: USD/CAD (CAD=X) economic data has been mixed USD/CAD had an uneventful week until Friday, when a soft GDP release out of Canada sent the pair sharply higher.Traders should keep an eye on the Bank of Canada rate announcement and employment data. As well, the annual budget could impact on the pair’s movement. Here is an […]

Canadian Dollar: USD/CAD (CAD=X) buyers look to recapture near-term bullish bias

Canadian Dollar: USD/CAD (CAD=X) buyers look to recapture near-term bullish bias

Canadian Dollar: USD/CAD (CAD=X) buyers look to recapture near-term bullish bias Price remains supported by the key rising trendline since February last year. As buyers defended the level yesterday, price climbed back above the 200-day MA (blue line) and is now looking to contest the 100-day MA @ 1.3160 again. I would still expect sellers […]

Canadian Dollar: USD/CAD (CAD=X) investors wait for cues

Canadian Dollar: USD/CAD (CAD=X) investors wait for cues

Canadian Dollar: USD/CAD (CAD=X) investors wait for cues The Canadian dollar is quiet in the Monday session. Currently, the pair is trading at 1.1353, up 0.12% on the day. On the release front, there are no Canadian indicators, while the U.S released one minor event. On Tuesday, the U.S. posts CB Consumer Confidence. As well, […]

Canadian Dollar: USD/CAD (CAD=X) look for loonie weakness

Canadian Dollar: USD/CAD (CAD=X) look for loonie weakness

Canadian Dollar: USD/CAD (CAD=X) look for loonie weakness The oars aren’t rowing in the same direction for the Canadian dollar, but over the medium term, look for loonie weakness as domestic fundamentals take over from international forces. The latter pertain to the general trend in the US dollar against other majors, where 2020 should feature […]

Canadian Dollar: USD/CAD (CAD=X) grinding higher

Canadian Dollar: USD/CAD (CAD=X) grinding higher

Canadian Dollar: USD/CAD (CAD=X) grinding higher People want the Canadian dollar. The local currency was the only G-10 major to gain between yesterday’s Toronto close and this morning’s open. Oil prices have a lot to do with the move as do the quick unwinding of short Canadian dollar positions after short-term technicals turned bullish for […]

Canadian Dollar: USD/CAD (CAD=X) Continues Range Bound Action Amid Lack of Macro Data Updates

Canadian Dollar: USD/CAD (CAD=X) Continues Range Bound Action Amid Lack of Macro Data Updates

Canadian Dollar: USD/CAD (CAD=X) Continues Range Bound Action Amid Lack of Macro Data Updates USDCAD pair traded in a tight range yesterday as both Canada and United States markets were closed owing to the celebration of the national holiday. This resulted in price action being limited within a range of 20 pips. On Friday, the […]

Canadian Dollar: USD/CAD (CAD=X) resurfacing concerns over the slowdown in the global economic growth

Canadian Dollar: USD/CAD (CAD=X) resurfacing concerns over the slowdown in the global economic growth

Canadian Dollar: USD/CAD (CAD=X) resurfacing concerns over the slowdown in the global economic growth Resurfacing concerns over the slowdown in the global economic growth today weighed on the market sentiment and hurt the demand for risk-sensitive commodities. Additionally, reports of U.S. President Trump not planning to meet his Chinese counterpart Xi before the March deadline […]

Canadian Dollar: USD/CAD (CAD=X) may have fallen to the base of the channel

Canadian Dollar: USD/CAD (CAD=X) may have fallen to the base of the channel

Canadian Dollar: USD/CAD (CAD=X) may have fallen to the base of the channel The U.S. Dollar / Canadian Dollar exchange rate is trading at 1.3125 at the time of writing after falling to the base of its rising channel. Mixed opinions about the outlook for the Canadian Dollar probably mean the main fundamental driver for the weakness […]

Canadian Dollar: USD/CAD (CAD=X) ISM Non-Manufacturing PMI (Jan.) was released earlier and missed projections

Canadian Dollar: USD/CAD (CAD=X) ISM Non-Manufacturing PMI (Jan.) was released earlier and missed projections

Canadian Dollar: USD/CAD (CAD=X) ISM Non-Manufacturing PMI (Jan.) was released earlier and missed projections The ISM Non-Manufacturing PMI (Jan.) was released earlier and missed projections. The figure came in at 56.7, beneath estimates (57.2) and the previous report (58.0). Today’s ISM numbers continue the trend of lagging indicators that suggest a cooling of the U.S. […]

Canadian Dollar: USD/CAD (CAD=X) Canada to release Manufacturing Sales for November

Canadian Dollar: USD/CAD (CAD=X) Canada to release Manufacturing Sales for November

Canadian Dollar: USD/CAD (CAD=X) Canada to release Manufacturing Sales for November USD/CAD has posted small gains in the Monday session. Currently, the pair is trading at 1.3298, up 0.23% on the day. There are no U.S. or Canadian events on the schedule, so traders can expect limited movement from the pair during the day. On […]

Canadian Dollar: USD/CAD (CAD=X) consolidating after recent rebound

Canadian Dollar: USD/CAD (CAD=X) consolidating after recent rebound

Canadian Dollar: USD/CAD (CAD=X) consolidating after recent rebound USD/CAD is trading within a rising triangle formation, following on from a rebound late last week. The break through the $1.326 swing-high points towards potential upside coming into play. For now, it is worth watching a break of either $1.3226 or $1.3294 as a precursor to the next […]

Canadian Dollar: USD/CAD (CAD=X) rebound could point to bullish reversal

Canadian Dollar: USD/CAD (CAD=X) rebound could point to bullish reversal

Canadian Dollar: USD/CAD (CAD=X) rebound could point to bullish reversal USD/CAD managed to break out of its recent downtrend, with the price breaking through the crucial swing high of $1.326. That points towards a possible bullish reversal from here, with the next sell-off providing a higher low. With trendline support currently in play, a break below […]

Canadian Dollar: USD/CAD (CAD=X) continues to lose ground

Canadian Dollar: USD/CAD (CAD=X) continues to lose ground

Canadian Dollar: USD/CAD (CAD=X) continues to lose ground USD/CAD has continued its downtrend, with the breakdown through trendline support providing a remarkably consistent period of downside for the pair. Much of this is associated with the recovery in oil prices, and thus it makes sense to watch crude as a key gauge of where USD/CAD goes. […]

Canadian Dollar: USD/CAD (CAD=X) drops into trendline support

Canadian Dollar: USD/CAD (CAD=X) drops into trendline support

Canadian Dollar: USD/CAD (CAD=X) drops into trendline support USD/CAD has been on the decline throughout the start of the new year, with the price falling into and below the lower boundary of the ascending channel pattern. This raises the chances of a wider downturn for the pair, yet with the price currently challenging an ascending trendline, […]

Canadian Dollar: USD/CAD (CAD=X) 2019 Outlook

Canadian Dollar: USD/CAD (CAD=X) 2019 Outlook

Canadian Dollar: USD/CAD (CAD=X) 2019 Overall, the bias in prices is: Upwards. The projected upper bound is: 1.46. The projected lower bound is: 1.27. The projected closing price is: 1.36. Candlesticks A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices […]

Canadian Dollar: USD/CAD (CAD=X) losing some upside momentum

Canadian Dollar: USD/CAD (CAD=X) losing some upside momentum

Canadian Dollar: USD/CAD (CAD=X) losing some upside momentum USD/CAD is losing some upside momentum as seen in 4 hour MACD. But there is no sign of topping yet. Intraday bias remains on the upside at this point. Current rally should target 1.3685 fibonacci level next. Break there will target 1.3793 key medium term resistance. On […]

Canadian Dollar: USD/CAD (CAD=X) Cautious Tone in Market Amid Dovish Crude Oil Price

Canadian Dollar: USD/CAD (CAD=X) Cautious Tone in Market Amid Dovish Crude Oil Price

Canadian Dollar: USD/CAD (CAD=X) Cautious Tone in Market Amid Dovish Crude Oil Price Cautious Tone in Market Amid Dovish Crude Oil Price Limits Sharp Move on Either Side Adding to this, a modest rebound in crude oil prices extended some additional support to the commodity-linked currency – Loonie and further collaborated to the pair’s weaker […]

Canadian Dollar: USD/CAD (CAD=X) calendar is busy this week

Canadian Dollar: USD/CAD (CAD=X) calendar is busy this week

Canadian Dollar: USD/CAD (CAD=X) calendar is busy this week Dollar/CAD moved upwards last week, the fourth straight week that the pair has moved higher. Will the Canadian dollar continue to fall? The Canadian calendar is busy this week, with retail sales, CPI and GDP. Here are the highlights and an updated technical analysis for USD/CAD. The […]

Canadian Dollar: USD/CAD (CAD=X) remains of interest for bullish USD strategies

Canadian Dollar: USD/CAD (CAD=X) remains of interest for bullish USD strategies

Canadian Dollar: USD/CAD (CAD=X) remains of interest for bullish USD strategies On the side of USD-strength, USD/CAD remains of interest. Prices are holding above a bullish trend-line that got started in early-October. A group of lower-highs thus far in December may be preluding a deeper pullback, but provided that prices remain above 1.3250, the door […]

Canadian Dollar: USD/CAD (CAD=X) faltering below key resistance

Canadian Dollar: USD/CAD (CAD=X) faltering below key resistance

Canadian Dollar: USD/CAD (CAD=X) faltering below key resistance USD/CAD has started to slow down from its recent rebound, with the key $1.3445 level still yet to be surpassed. The inability to break that level points towards a potential bearish shift for the pair given the recent breakdown below $1.3182. Watch out for the ability or inability […]

Canadian Dollar: USD/CAD (CAD=X) rallies towards previous highs

Canadian Dollar: USD/CAD (CAD=X) rallies towards previous highs

Canadian Dollar: USD/CAD (CAD=X) rallies towards previous highs USD/CAD has been rebounding over the early part of the week, with the price moving closer to the previous peak of $1.3445. The ability to break through that level will provide us with a lot of information, given the recent question marks that come with the break below […]

Canadian Dollar: USD/CAD (CAD=X) rallies into five-month low

Canadian Dollar: USD/CAD (CAD=X) rallies into five-month low

Canadian Dollar: USD/CAD (CAD=X) rallies into five-month low USD/CAD has managed to rally through the $1.3317 resistance level, continuing the bullish trend of higher highs and higher lows that has been in place for two months. That also sees the pair respect the rising channel, with trendline resistance up ahead. With that in mind, further gains […]

Canadian Dollar: USD/CAD (CAD=X) US consumer confidence next

Canadian Dollar: USD/CAD (CAD=X) US consumer confidence next

Canadian Dollar: USD/CAD (CAD=X) US consumer confidence next The Canadian dollar is almost unchanged in the Tuesday session. Currently, USD/CAD is trading at 1.3244, down 0.06% on the day. In economic news, there are no Canadian events. The U.S. releases CB Consumer Confidence, which is forecast to dip to 136.2 points. On Wednesday, the U.S. publishes Preliminary […]

Canadian Dollar: USD/CAD (CAD=X) Canadian employment slowed

Canadian Dollar: USD/CAD (CAD=X) Canadian employment slowed

Canadian Dollar: USD/CAD (CAD=X) Canadian employment slowed The Canadian dollar has edged lower in the Friday session. Currently, USD/CAD is trading at 1.3098, up 0.07% on the day. On the release front, Canadian employment change slowed to 11.2 thousand, short of the estimate of 12.7 thousand. However, the unemployment rate ticked lower to 5.8%, just below […]

Canadian Dollar: USD/CAD (CAD=X) U.S-China trade dispute could dampen economic growth

Canadian Dollar: USD/CAD (CAD=X) U.S-China trade dispute could dampen economic growth

Canadian Dollar: USD/CAD (CAD=X) U.S-China trade dispute could dampen economic growth The Canadian dollar is trading sideways in the Monday session. Currently, USD/CAD is trading at 1.3108, up 0.01% on the day. On the release front, it’s a quiet start to the week, with no Canadian events. In the U.S, there are two minor consumer […]

Canadian Dollar: USD/CAD (CAD=X) could rise more than 5% during months ahead

Canadian Dollar: USD/CAD (CAD=X) could rise more than 5% during months ahead

Canadian Dollar: USD/CAD (CAD=X) could rise more than 5% during months ahead The Canadian Dollar is set to remain in a holding pattern against the greenback over coming months but is likely to cede ground to an oversold Australian Dollar going forward, according to analysts at TD Securities and CIBC Capital Markets. Bank of Canada (BoC) monetary policy means […]

Canadian Dollar: USD/CAD (CAD=X) market remains on NAFTA watch

Canadian Dollar: USD/CAD (CAD=X) market remains on NAFTA watch

Canadian Dollar: USD/CAD (CAD=X) market remains on NAFTA watch The implication for the Canadian dollar is enormous. Given the stellar GDP print last week, a data-dependent BoC governor Poloz, and skyrocketing oil prices, 1.28’s would seem like a lock. But with commodity Bloc of currencies expected to receive a fillip from rising hard and soft […]

Canadian Dollar: USD/CAD (CAD=X) Bears in Control

Canadian Dollar: USD/CAD (CAD=X) Bears in Control

Canadian Dollar: USD/CAD (CAD=X) Bears in Control The Canadian dollar has posted small gains in the Thursday session. Currently, USD/CAD is trading at 1.2908, down 0.10% on the day. On the release front, Canada releases ADP nonfarm employment change. In the U.S, the Philly Fed Manufacturing Index is expected to jump to 17.5 points, while unemployment […]

Canadian Dollar: USD/CAD (CAD=X) rises as NAFTA optimism renews ahead of deadline for deal

Canadian Dollar: USD/CAD (CAD=X) rises as NAFTA optimism renews ahead of deadline for deal

Canadian Dollar: USD/CAD (CAD=X) rises as NAFTA optimism renews ahead of deadline for deal The Canadian Dollar advanced against rivals Wednesday amid renewed hopes a deal to save the North American Free Trade Agreement (NAFTA) could be announced before the week is out, and analysts at Goldman Sachs are forecasting the Loonie will continue to rise over […]

Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves

Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves

Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves The Canadian dollar inched higher overnight. It may be a busy week, but the Canadian dollar’s direction will be governed by broad U.S. dollar moves, at least until the end of the week. On Friday, Canada Retail Sales and Consumer Price Index […]

Canadian Dollar: USD/CAD (CAD=X) bulls making a fresh attempt to conquer 1.32 handle

Canadian Dollar: USD/CAD (CAD=X) bulls making a fresh attempt to conquer 1.32 handle

Canadian Dollar: USD/CAD (CAD=X) bulls making a fresh attempt to conquer 1.32 handle Momentum beyond the mentioned barrier is likely to get extended towards 1.3265 horizontal resistance before the pair eventually aims to reclaim the 1.3300 handle. On the flip side, mid-1.3100s now seems to have emerged as an immediate support, which if broken might […]

Canadian Dollar: USD/CAD (CAD=X) Inches Higher

Canadian Dollar: USD/CAD (CAD=X) Inches Higher

Canadian Dollar: USD/CAD (CAD=X) Inches Higher The Canadian dollar is starting the week on a firm note. Friday’s domestic employment report didn’t do anything to prevent the Bank of Canada from promising an interest-rate hike for Wednesday. In fact, it may have encouraged the central bank. Statistics Canada reported 31,900 new jobs were created in […]

USD/CAD (CAD=X) Strength on USD Weakness May Be Temporary

USD/CAD (CAD=X) Strength on USD Weakness May Be Temporary

USD/CAD (CAD=X) Strength on USD Weakness May Be Temporary Canadian dollar at C$1.3142, or 76.09 U.S. cents Loonie hits strongest level since June 15, at C$1.3113 Price of U.S. oil rises 0.3 percent Bond prices fall across the yield curve The Canadian dollar steadied against its U.S. counterpart on Wednesday while holding near its strongest […]

USD/CAD (CAD=X) pares losses as July rate hike odds oscillate near 50 pct

USD/CAD (CAD=X) pares losses as July rate hike odds oscillate near 50 pct

USD/CAD (CAD=X) pares losses as July rate hike odds oscillate near 50 pct Canadian dollar at C$1.3336, or 74.99 U.S. cents Price of U.S. oil rises 3.2 percent Bond prices rise across the yield curve The Canadian dollar weakened to a one-year low against its U.S. counterpart on Wednesday before paring some losses as remarks […]

USD/CAD (CAD=X) steadies as investors take stock of BoC rate hike odds

USD/CAD (CAD=X) steadies as investors take stock of BoC rate hike odds

USD/CAD (CAD=X) steadies as investors take stock of BoC rate hike odds The Canadian dollar was little changed against its broadly stronger U.S. counterpart on Tuesday but rose against some other major currencies as investors determined that a recent reduction in Bank of Canada interest rate hike bets had gone far enough. The Canadian dollar was […]

USD/CAD (CAD=X) slips as trade tensions slam investor risk appetite

USD/CAD (CAD=X) slips as trade tensions slam investor risk appetite

USD/CAD (CAD=X) slips as trade tensions slam investor risk appetite Canadian dollar at C$1.3305, or 75.16 U.S. cents The price of U.S. oil falls 0.7 percent Bond prices higher across a flatter yield curve 10-year yield touches its lowest since March 29 at 2.082 percent The Canadian dollar weakened against its U.S. counterpart on Monday […]

USD/CAD (CAD=X) Canadian Dollar Trump-ed

USD/CAD (CAD=X) Canadian Dollar Trump-ed

USD/CAD (CAD=X) Canadian Dollar Trump-ed Dollar/CAD closed a turbulent week on the upside as trade concerns and the Fed pushed the greenback higher. What’s next? Canadian retail sales and inflation on Friday stand out. US President Trump and Canadian PM Trudeau clashed in the G-7 Summit that was disastrous and ended without a communique. That sent […]

USD/CAD (CAD=X) Vulnerable to a Correction Towards 1.28

USD/CAD (CAD=X) Vulnerable to a Correction Towards 1.28

USD/CAD (CAD=X) Vulnerable to a Correction Towards 1.28 Dollar/CAD closed a turbulent week on the upside as trade concerns and the Fed pushed the greenback higher. What’s next? Canadian retail sales and inflation on Friday stand out. Here are the highlights and an updated technical analysis for USD/CAD. US President Trump and Canadian PM Trudeau clashed […]

USD/CAD (CAD=X) market continues to hang about the 1.30 level

USD/CAD (CAD=X) market continues to hang about the 1.30 level

USD/CAD (CAD=X) market continues to hang about the 1.30 level The US dollar has gone back and forth during the trading session on Tuesday, as we await oil inventory figure numbers, a resolution to the recent spat between Justin Trudeau and Donald Trump, and of course the overall economic situation in the two countries. Interest […]

USD/CAD (CAD=X) Target 1.2900

USD/CAD (CAD=X) Target 1.2900

USD/CAD (CAD=X) Target 1.2900 Sustained move beyond the 1.3020-30 immediate hurdle has the potential to lift the pair back towards 1.3075-80 supply zone en-route the 1.3100 handle. On the flip side, the 1.2965 level might continue to protect the immediate downside, which if broken could accelerate the downfall towards the 1.2900 handle ahead of 50-day […]