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
Read More »Canadian Dollar Forecast: US Inflation Data to Set the Tone for USD/CAD
The rally in oil prices should support the Canadian dollar, but the September U.S. inflation report is likely to be more relevant for USD/CAD’s near-term direction.
Read More »USD surging higher, taking back some lost ground
The US dollar is higher across the major FX board. USD/JPY is back above 128 USD/CHF is back above 0.9600 and on approach to its high during the Europe timezone…
Read More »AUD/USD and NZD/USD ticking higher still.
Its been a good beginning to the week, which is still very young of course, for the ‘risk’ trade. US equity index futures are still moving higher, regional equities here…
Read More »When will the Canadian dollar break the 9-month range? Five things to watch
The Canadian dollar finished the week strong with USD/CAD falling to 1.2600 at Friday’s close from as high as 1.2870 on Tuesday. That’s very close to the seven-week low of…
Read More »USD/CAD flirts with 1.2450 on sluggish oil prices, awaits Fed’s Powell, BOC’s Mecklem
USD/CAD picks up bids to 1.2445, following the previous day’s mild losses, amid Tuesday’s Asian session. In doing so, the Loonie pair justifies the pu
Read More »Bumper US earnings not lifting Asian markets
Overnight Headlines *US stocks post another record high on earnings optimism *USD edges higher, best gains versus EUR and JPY *Australia core inflation accelerates back inside RBA target *Alphabet and…
Read More »Stocks slip, the Vix sinks, yen jumps higher
Overnight Headlines *US stocks rallied for a sixth day just shy of all-time highs *USD dipped further, particularly against commodity currencies *Vix drops again near to year lows *US 10-year…
Read More »US CPI inflation is likely to remain high
US equities drifted with the S&P500 falling 0.24% and the Nasdaq dropping 0.14%. The looming start to the earnings season has probably deterred some investors from placing large positions. Soaring…
Read More »Energy and bond yields continue higher as new week begins
Overnight Headlines *US stocks fell after September NFP missed estimates *USD slipped against most of its G10 peers, DXY still above 94 *WTI oil topped $80 for the first time…
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