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
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My Best Forex Trading Setups This Week: XAU/USD, USD/CAD, GBP/USD
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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 »USD/CAD’s daily bearish close below 1.2580 could be significant
USD/CAD was making a fresh cycle low on Tuesday as oil continued to recover and print higher and as the US dollar melted. This was so despite sentimen
Read More »USD/CAD Continues Higher Despite Bank of Canada Inflation Mandate Extension
USD/CAD strength looks set to continue despite an extension to the Bank of Canada's inflation mandate. China's foreign direct investment will cross the wires today.
Read More »Tepid tone to early trading kicks off the week
Overnight Headlines *US stocks eased last week to break a string of gains *USD comes off 16-month highs at 95.26 *China data beat expectations as spending, power supply picks up…
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