USD/CAD Rally Unravels Ahead of US PCE Report amid Failure to Test Yearly
Data prints coming out of the US may fuel the recent weakness in USD/CAD as the Personal Consumption Expenditure (PCE) Price Index is anticipated to show a slowdown in inflation.
Read More »USD/CAD Climbs Back Above 50-Day SMA Ahead of Fed Rate Decision
The Federal Reserve interest rate decision may keep USD/CAD above the 50-Day SMA (1.2854) as the central bank is expected to deliver another 75bp rate hike.
Read More »Canadian Dollar Forecast: USD/CAD Rate Pullback Eyes 50-Day SMA
USD/CAD may attempt to test the 50-Day SMA (1.2861) for the second time in July as it extends the decline from the yearly high (1.3224).
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 »USD/CAD eyes exhaustion at 1.2830 as oil rebounds, BOC’s Macklem in focus
The USD/CAD pair is witnessing some signs of exhaustion after a juggernaut upside move from the previous week’s low at 1.2458. The asset has been scal
Read More »
My Best Forex Trading Setups This Week: XAU/USD, USD/CAD, GBP/USD
#stocks #trading #investing A1 Trading forex discord community – Trade alerts, webinars, chatrooms: Use code YTVIP for $5 off: https://a1trading.com/vip/ Like trading robots, scanners, and indicators? Get our gold membership…
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 Rate on Track to Threaten March Opening Range
USD/CAD appears to be on track to test the monthly low (1.2587) as it extends the series of lower highs and lows from earlier this week.
Read More »USD/CAD reverses to upper 1.2700s, probes 1.2800 after strong US jobs data and amid risk-off flows
USD/CAD reversed sharply higher on Friday after the release of what traders described as a bumper US labour market report boosted the US dollar and am
Read More »Canadian Dollar Forecast: Geopolitics & Bank of Canada to Set the Tone for USD/CAD
USD/CAD could move lower in the coming days if market sentiment around the Russia-Ukraine crisis improves, and Bank of Canada delivers a hawkish interest rate hike at its March meeting.
Read More »