Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
Despite the Canadian dollar’s recovery attempts in previous weeks, a renewed loss of strength against the U.S. dollar is becoming evident. This is reflected in USD/CAD, which has gained more than 0.2% over the last 2 trading sessions, including the close of last week and the first session of this week.
The week continues to move in favor of the US dollar against its main rivals, and this is also reflected in USD/CAD price action. Over the last three trading sessions, the pair has gained more than 0.6%, showing that the Canadian dollar continues to lose ground in a meaningful way.
Bitcoin dip-buying interest remains in focus as the cryptocurrency tests critical lows and momentum levels. Risk-off sentiment across the market remains broadly correlated, keeping key crypto regulatory developments in sight to confirm a possible structural turn.
USDJPY price action continues to hold above the 155 barrier despite Trump tariff uncertainty, supported by cooling inflation readings and shifting rate hike expectations. Central bank rate expectations continue to lead the dominant FX trends.
Escalating US–EU tariff threats linked to Greenland have added pressure on the dollar, reviving themes reminiscent of 2025 and pushing EURUSD back above the 1.17 mark. Below are the key levels and scenarios to watch.
USDCAD gains are being capped in line with broader risk assets amid escalating tariff threats between the U.S. and the EU over Greenland. Last year, tariff rhetoric weighed heavily on dollar pairs — what are this year’s scenarios?
Crude oil prices remain supported as OPEC agrees to proceed with a 137,000 barrel production increase, while the U.S. and China reach a one-year trade truce, setting the stage for potential longer-term stability in both crude prices and OPEC’s market share.
Tariff tensions between the US and China are capping gains in US indices as they cool off from overheated momentum levels, while gold and silver continue to stretch toward historical momentum extremes.
USD/CAD is catching a bid ahead of Canada's jobs report, and a close above the 200-day moving average would go a long way toward confirming a renewed rally.
Crude Oil Weekly Outlook: WTI dropped to key support at 62.60, driven by hopes of a ceasefire deal and ongoing tariff risks. Volatility is expected this week amid developments related to the Ukraine ceasefire, the OPEC Monthly Report, the U.S.–China tariff deal, and the U.S. CPI report.
As tariff risks and negotiations evolve, the latest moves in EURUSD and the DXY have established notable resistance and support zones near 1.17 and 98, respectively. This raises the possibility of an extended range before a confirmed breakout.
Gold continues to hold its haven status amid uncertainty surrounding Trump’s stance toward the Fed and the broader markets, while Nasdaq bulls aim to revive the primary trend from the 22,700 support, despite mounting political and economic challenges.
Crude Oil Weekly Outlook: Crude oil prices have pulled back toward the $65 zone, weighed down by renewed tariff risks from former President Trump, weakening labor market data, and an ongoing unwind of OPEC supply cuts. These developments could help mediate the economic growth risks associated with potential Trump-era trade policies. What are the possible scenarios?
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.
