Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
The week is just getting underway, and one of the most relevant themes driving market moves remains the growing weakness around the Canadian dollar. This can be clearly seen in recent USD/CAD price action, with the pair gaining more than 0.6% over the last two trading sessions, highlighting that the CAD has once again lost ground against the U.S. dollar.
The trading week continues to unfold and the recovery in the Canadian dollar has once again become a relevant theme in the short term. This can be clearly seen in the recent performance of USD/CAD, which is down nearly 0.4% during the session, reflecting a consistent recovery in the CAD against the U.S. dollar.
With just one trading session left before the week comes to an end, the strength that has recently emerged around the Canadian dollar has once again become relevant. This can be observed in the recent performance of USD/CAD, which has declined nearly 0.3% over the last two trading sessions.
The BoC hikes rates to 2.5% and upgrades its inflation outlook despite weak employment. Could further tightening put AUD/CAD under pressure?
NZD/CAD eyes a potential swing low as firm RBNZ hike bets contrast with a cautious BoC outlook, ahead of both central bank decisions on 28 October.
The Canadian dollar strengthens despite CPI missing expectations, as rising long-term inflation expectations complicate the BoC outlook for USD/CAD and AUD/CAD.
The trading week is just getting underway, and one of the most notable developments in the currency market has been the renewed strength of the Canadian dollar. This can be seen in the recent performance of USD/CAD, which has now declined for three consecutive sessions and is down approximately 1.0% over the period, highlighting the CAD's growing strength against the U.S. dollar.
The trading week continues to unfold and, for now, USD/CAD remains trapped in a relatively consistent phase of indecision. The Canadian dollar has managed to hold on to some of its recent strength, which can be seen in the pair's performance over the last two sessions, where it has declined by roughly 0.2%.
USD/CAD rally shows signs of exhaustion despite weak Canadian jobs data, while AUD and GBP could offer CAD bears better opportunities.
The trading week continues to unfold, and the Canadian dollar has begun to show signs of renewed strength in the short term. This can be seen in recent USD/CAD price action, with the pair posting a decline of roughly 0.2% over the last two sessions, allowing the Canadian currency to recover part of the ground lost in previous weeks.
Recent trading sessions have not been particularly favorable for the Canadian dollar. USD/CAD has now recorded four consecutive bullish sessions, accumulating gains of more than 1.00% in favor of the U.S. dollar. This move once again highlights a relevant bullish bias within the market and shows that buying pressure continues to dominate in the short term.
Over recent trading sessions, a growing sense of indecision has once again become evident around USD/CAD price action. For now, average movements over the last four trading sessions have failed to establish a clear directional bias, with daily fluctuations remaining close to 0.2%, a relatively modest figure compared to the moves above 0.6% observed last week
The trading week continues to be particularly relevant for the strength currently being displayed by the Canadian dollar. Over the last two trading sessions, USD/CAD has declined by approximately 0.7%, once again highlighting a bearish bias in favor of the Canadian currency.
The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex, commodity futures, or digital assets, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to FOREX.com or GAIN Capital refer to StoneX Group Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.
