Canadian Dollar sees a thin but shaky recovery in rough post-NFP Friday markets
The Canadian Dollar (CAD) is up on Friday, gaining ground across the FX board.
Read More »Forexlive Americas FX news wrap: PCE inflation softens but USD still rips into month-end
US August core PCE +3.9% y/y vs +3.9% expected Canada GDP month-to-month for July 0.0% versus 0.1% estimate US advanced good trade balance for August -84.27B versus $-91.4 billion estimate…
Read More »USD/CAD Price Forecast: USD/CAD Breaks 5-day Range Despite Resumption of WTI Rally
The Loonie struggled today after a period of consolidation as a rampant US Dollar and rising US Yields saw USDCAD make a run for recent highs. The start of the…
Read More »Forexlive Americas FX news wrap: US dollar falls as non-farm payrolls tilt lower
US July non-farm payrolls +187K vs +200K expected Canada July employment change -6.4K versus 21.1 K estimate Fed’s Goolsbee: The July non-farm payrolls report is pretty much what we expect…
Read More »MUFG trade of the week: Stay short USD/JPY, sell USD/CAD
MUFG Research maintains a short USD/JPY exposure (spot ref: 134:70) in its TOTW portfolio with a target at 129.00, and a stop at 138.50. “We are maintaining a short USD/JPY…
Read More »USD/CAD Price Analysis: Key HMAs challenge bulls above 1.3700
USD/CAD struggles for clear directions around 1.3720-25 after welcoming the bears the previous day. In doing so, the Loonie pair stays defensive while
Read More »Markets Week Ahead: Dow Jones, Nasdaq 100, Canadian Dollar, BoC, AUD/USD, NZD/USD
The Dow Jones fell as the Nasdaq 100 rose in a tech-fueled rally last week. Ahead, the Canadian Dollar is eyeing the BoC, with AUD/USD and NZD/USD facing inflation data.
Read More »CADJPY: A new 2022 low ahead of the Canadian CPI release
Yesterday, the Bank of Japan unexpectedly tweaked its yield curve control (YCC) policy, raising its target for 10-year bond yields to 0.5% (previously 0.25%). The move reflects the central bank’s…
Read More »Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds
The Canadian Dollar fell as a GDP slowdown cooled BoC rate hike bets. Still, USD/CAD’s near-term downtrend remains in play. AUD/USD is eyeing Chinese PMI data.
Read More »USD/CAD Price Analysis: Buyers stepped in around weekly lows on risk aversion
The US Dollar (USD) stages a recovery against the Canadian Dollar (CAD) amid a subdued trading session sparked by thin liquidity conditions caused by
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