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USD/CAD Drops Back Below 1.30 as NAFTA Optimism Abounds

Matt Weller, CFA, CMT September 12, 2018 3:31 PM

What a difference a week makes!

TAGS: Bank of Canada, BOC, CAD, Canada, Canadian Dollar, USDCAD

USD/CAD’s Big Breakout Has Bulls Eyeing June’s Peak

Matt Weller, CFA, CMT September 4, 2018 11:19 AM

US traders have returned from a long holiday weekend to the see the greenback gaining across the board (see my colleague Fawad Razaqzada’s post, “Dollar rises to resistance ahead of key US data” for more).

TAGS: ISM, Technical Analysis, USD/CAD, USDCAD

USD/CAD Testing 1.2950 Support after US-Mexico Trade Agreement

Matt Weller, CFA, CMT August 27, 2018 2:28 PM

With UK traders out on holiday and markets generally slow as traders try to soak up the last of the summer sun, today’s trade has been all about…well, trade.

TAGS: Canada, Canadian Dollar, USD/CAD, USDCAD

FOMC Minutes: Three Frustrating Fed Fears Fail to Fade

Matt Weller, CFA, CMT August 22, 2018 2:37 PM

Last month, the Federal Reserve changed a grand total of about twelve words in its most recent monetary policy statement, so traders were understandably unexcited for the release of today’s FOMC minutes.

TAGS: dollar, Federal Reserve, FOMC, FOMC minutes, USD, USD/CAD, USDCAD

USD/CAD at key juncture ahead of US CPI and Canadian jobs data

Fawad Razaqzada August 10, 2018 7:38 AM

After this morning’s big moves in the Turkish Lira, euro and pound, and the sizeable stock market falls, more volatility is expected in the early North American session. That’s because we will have important data from both the US and Canada, making the USD/CAD a particularly interesting pair to watch when the data are released at 13:30 BST (08:30 ED...

TAGS: Bank of Canada, CPI, Federal Reserve, forex, FX, USDCAD

USD/CAD set for correction?

Fawad Razaqzada July 23, 2018 8:36 AM

The USD/CAD slumped on Friday following the release of stronger Canadian data while the US dollar pulled back across the board amid profit taking and after Donald Trump had criticised the Federal Reserve’s interest rate rises the day before.

TAGS: forex, FX, USDCAD

USD/CAD holding rising trend line - bulls eyeing 1.3400 next?

Matt Weller, CFA, CMT July 19, 2018 3:49 PM

Last week, we highlighted how USD/CAD saw a momentary bout of weakness (loonie strength) after the Bank of Canada raised interest rates before reversing sharply back to the topside as oil prices collapsed...

TAGS: CAD, Loonie, Technical Analysis, USDCAD

USD/CAD in focus as USD eases amid month end profit taking

Fawad Razaqzada June 29, 2018 6:47 AM

There’s been some interesting moves in the markets this morning, in what is the last trading day of the week and month. But it remains to be seen whether there will be further follow-through in these moves once we head into the US session.

TAGS: forex, FX, USDCAD

Trade issues key as USD/CAD hits a fresh year-to-date high

Matt Weller, CFA, CMT June 15, 2018 12:21 PM

Well, it’s official: The Trump administration has slapped a 25% tariff on 818 Chinese goods, with a total value of up to $50B.

TAGS: Canada, Canadian Dollar, Trade, USDCAD

FX update: USD extends gains on solid data, CAD hit by oil slump

Fawad Razaqzada June 5, 2018 11:21 AM

The FX markets have been a little bit livelier today even if the economic calendar has been fairly quiet with the exception of services PMI data from both the UK and US.

TAGS: forex, FX, USDCAD

USD/CAD holds below 1.30 ahead of US data and BOC

Fawad Razaqzada May 30, 2018 7:37 AM

While the focus of the wider market will undoubtedly remain largely on Italy and the ongoing volatility in the bond and stock markets, some FX traders’ focus will momentarily turn away from politics and back to economic fundamentals today. That’s because we have key data coming from the US later on today while the Bank of Canada is also scheduled to...

TAGS: Bank of Canada, BOC, forex, FX, USDCAD

USD/CAD in focus ahead of Canadian CPI, retail sales

James Chen, CMT May 17, 2018 2:04 PM

After a moderate pullback last week on soft US inflation readings, the US dollar has rebounded strongly this week to resume and extend its rising trend that has been in place for the past month.

TAGS: Canada, Canadian Dollar, CPI, forex, Fundamental Analysis, FX, Inflation, Retail Sales, Technical Analysis, US Dollar, USD, USD/CAD, USDCAD

USD/CAD falls sharply ahead of Canadian jobs data

James Chen, CMT May 10, 2018 1:42 PM

USD/CAD fell sharply for a second day in a row on Thursday as a combination of factors helped to weigh on the US dollar while boosting the Canadian dollar. This USD/CAD drop has occurred immediately ahead of key Canadian jobs data for April to be released on Friday.

TAGS: Canadian Dollar, Fed, Federal Reserve, forex, Fundamental Analysis, FX, Inflation, jobs report, Technical Analysis, unemployment, US Dollar, USD/CAD, USDCAD

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USD/CAD Drops Back Below 1.30 as NAFTA Optimism Abounds

USD/CAD’s Big Breakout Has Bulls Eyeing June’s Peak

USD/CAD Testing 1.2950 Support after US-Mexico Trade Agreement

FOMC Minutes: Three Frustrating Fed Fears Fail to Fade

USD/CAD at key juncture ahead of US CPI and Canadian jobs data

USD/CAD set for correction?

USD/CAD holding rising trend line - bulls eyeing 1.3400 next?

USD/CAD in focus as USD eases amid month end profit taking

Trade issues key as USD/CAD hits a fresh year-to-date high

FX update: USD extends gains on solid data, CAD hit by oil slump

USD/CAD holds below 1.30 ahead of US data and BOC

USD/CAD in focus ahead of Canadian CPI, retail sales

USD/CAD falls sharply ahead of Canadian jobs data

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