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…
Read More »Dollar bides it time after strong jobs data
Overnight Headlines *US stocks continued higher after the decent US jobs report *USD made new highs before dropping back *US 10-year Treasury yields fell sharply, below 1.45% *Gold hits highest…
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 »Dollar bull’s hopes are high
Overnight Headlines *US stocks rose for a third day on a stop gap debt ceiling plan *USD edged lower as markets await today’s NFP *Oil climbs on switch from gas…
Read More »USD/CAD Price Analysis: Bulls take a breather below 1.2810-15 key hurdle
USD/CAD retreats from the monthly high to 1.2760 amid Monday’s Asian session. In doing so, the Loonie pair justifies overbought RSI conditions staying
Read More »USD/CAD Price Analysis: Bulls in charge into critical daily resistance
The US dollar is firm mid-week and the commodity currencies have been under pressure. This leading to a resurgence in USD/CAD into daily resistance. U
Read More »USD Bulls Extend, AUD Outlook Depends on RBA, CAD Flips to Short – COT Report
US Dollar longs hit 18-month high, Euro net longs slashed, AUD outlook depends on RBA policy path.
Read More »Markets drift ahead of NFP
Overnight Headlines *USD closed lower again near one-month lows *US stocks were mixed to kick off the month *Oil prices little changed after OPEC+ ratified output hike USD started September…
Read More »