Forexlive Americas FX news wrap: US dollar falls as S&P 500 hits record high
US January UMich prelim consumer sentiment 78.8 vs 70.0 expected US existing home sales for December 3.78M vs 3.82M estimate Canada November retail sales -0.2% vs 0.0% expected Fed’s Daly:…
Read More »Canadian Dollar spins in place after US NFP beats the market and Canadian jobs additions slump
The Canadian Dollar (CAD) slumped to a new low for the week against the US Dollar (USD) before surging to a three-day high as markets whipsaw after a bumper US…
Read More »USD/CAD falls to the lowest since August – what’s next
The weather is cooling off in Canada but the currency has heated up. USD/CAD fell to a four-month low today despite some US dollar strength elsewhere. Bank of Canada governor…
Read More »Forexlive Americas FX news wrap: Williams helps to lift the US dollar
Fed’s Williams: If we get the progress I’m hoping to see, it will be natural to cut Fed’s Goolsbee: The unemployment rate tends to go up rapidly US November services…
Read More »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
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