TAG: USD/CAD
USD/CAD – A quiet start to the week but plenty to come
Canadia inflation expected to have fallen again in January Will the FOMC minutes shed any light on rate cuts? USDCAD higher but momentum remains weak It’s no surprise that it’s been a quiet start to the week, with both countries observing a bank holiday...
7 months ago
Canadian dollar edges lower ahead of Cdn., US job reports
The Canadian dollar is slightly lower on Friday. In the European session, USD/CAD is trading at 1.3559, up 0.12%. Canada and the US will both release employment data later today, which could mean some volatility from USD/CAD in the North American session....
6 months ago
Weak job data sends Canadian dollar slips to 4-month low
The Canadian dollar is showing limited movement on Monday. In the European session, USD/CAD is trading at 1.3598, up 0.06%. Canada and the US both released March employment reports on Friday, with Canada posting a weak reading while US nonfarm payrolls bl...
6 months ago
Canadian dollar calm ahead of BoC decision
The Canadian dollar is slightly lower on Wednesday. In the European session, USD/CAD is trading at 1.3559, down 0.09%. Bank of Canada expected to stay pat The Bank of Canada is widely expected to hold the cash rate at 5.0% at today’s meeting. The BoC’s ra...
6 months ago
Canadian dollar gets spanked, BoC holds rates
The Canadian dollar is almost unchanged on Thursday, after sliding 0.8% a day earlier. In the European session, USD/CAD is trading at 1.3569, up 0.04%. BoC holds interest rates There were no surprises from the Bank of Canada, which maintained the cash rat...
6 months ago
Canadian dollar extends losses as Canada’s inflation rises
The Canadian dollar is down for a fifth straight day and has slipped 1.9% during that time. In the North American session, USD/CAD is trading at 1.3840, up 0.37%. Canada’s inflation rises to 2.9% Canada’s inflation rate for March rose to 2.9% y/y, ticking...
6 months ago
Canadian dollar dips as retail sales fall
The Canadian dollar is in negative territory on Wednesday after a five-day winning streak in which it gained 1.1%. In the North American session, USD/CAD is trading at 1.3703, up 0.29%. Canada’s retail sales down in February Canadian consumers are holding...
5 months ago
FX Watch: USD/SGD in near-term consolidation, USD/CAD eyeing Nov 2023 high
Round-up Further unwinding in big tech is the takeaway from Wall Street overnight, as sky-high earnings expectations are now put to the test with a series of tech heavyweight results up ahead. Microsoft’s after-market earnings provided an example of how s...
2 months ago
USD/CAD Price Forecast: USD Bulls Eye Breakout as DXY Shakes Off Post FOMC Haze
The Federal Reserve left interest rates unchanged, but the statement acknowledges a moderating job market and slightly elevated inflation, opening the door for a potential September rate cut. The US Dollar initially weakened after the FOMC meeting but ha...
2 months ago
USD/CAD Forecast: Drifting Lower Against CAD
In my daily US dollar, Canadian dollar analysis, it's easy to see that the market is trying to see a lot of volatility come into the picture.Although the US dollar initially rallied during the trading session, the market then fell rather significantly to...
2 months ago
USD/CAD Forex Signal: Bounce Expected Soon
Potential Signal:I am a buyer of this pair if we can break above the 1.3648 level, with a stop loss at 1.3590.At that point, I would be aiming for a move toward the 1.3720 region.The US dollar has been fairly negative during the early hours on Tuesday rea...
1 month ago
USD/CAD Forecast: Rally Amid Hot GDP Data
In my daily analysis of the US dollar against the Canadian dollar, the first thing I see is that we are rallying quite hard, after initially falling a bit during the trading session.All things being equal, the market has seen the preliminary GDP numbers i...
1 month ago
Pairs in Focus - Gold, USD/JPY, WTI Crude Oil, Silver, DAX, EUR/USD, USD/CAD, GBP/JPY
GoldGold markets initially tried to rally during the course of the week, but then turned around to show signs of weakness. By doing so, it looks like the market is a little stretched, but quite frankly I think this is a situation where we have had a lot o...
1 month ago
FX Watch: USD/CAD stabilises, while USD/JPY struggles
September kicked off with a limp in global markets September is off to a rough start for global markets, as growth fears are revived by another poor read from the US Institute for Supply Management (ISM) manufacturing Purchasing Managers' Index (PMI). Tha...
1 month ago