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USD/CAD analysis: Canadian CPI, FOMC minutes puts Loonie in sharp focus
The USD/CAD is an interesting pair to watch as it tests a major support area ahead of the release of Canadian inflation data and FOMC minutes later.
USD/CAD analysis: Loonie hits resistance ahead of key week for US data
The US dollar found modest further support on Friday following Thursday’s bullish reversal on the back of a soft 30-year Treasury auction and hawkish comments by Powell. The key question is whether those gains will last and on the evidence of today’s price action, I am not so sure.
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Canadian Dollar Analysis: USD/CAD Tests 1-Year Highs After Strong US GDP
USD/CAD has rallied each of the first four days so far this week to trade above 1.3800, essentially the pair’s highest level since last October...
USD/CAD in the crossfire of CA CPI and FOMC: European open – 19/09/2023
The Canadian dollar has continued to strengthen alongside oil prices in recent days, sending USD/CAD to a near 5-week low, GBP/CAD beneath its 200-day EMA and CAD/JPY to within striking distance of its 2022 high. Today’s Canadian inflation data could prove volatile for USD/CAD ahead of tomorrow’s FOMC meeting.
Oil, Canadian Dollar Analysis: USD/CAD Hits 1-Month Lows as Oil Rally Extends
Technical analysis shows WTI may be getting stretched while USD/CAD could have further to fall...
US dollar, USD/CAD, WTI crude oil analysis: Commitment of traders report (COT)
The USD is on the cusp of flipping to net-long exposure among G10 currencies according to data compiled by IMM (International Monetary Market). And despite the resurgence of US dollar strength, oil continues to perform well and market positioning is looking increasingly bullish for the weeks or even months ahead.
Dollar analysis: EUR/USD, USD/CAD and Gold outlook - Technical Tuesday
Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this edition of Technical Tuesday, we will analyse the EUR/USD, USD/CAD and gold. The EUR/USD was clinging onto the 1.07 handle at the time of writing. The lower highs and lower lows on the EUR/USD mean that the technical outlook remains bearish until the charts tell us otherwise.
Dollar analysis: DXY, EUR/USD, Gold and USD/CAD in focus – Forex Friday
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus the US dollar, gold, USD/CAD and EUR/USD, ahead of next week’s key events: US CPI and ECB policy decision.
USD/CAD hits resistance ahead of BOC, US PMIs: European open – 06/09/2023
The Bank of Canada (BOC) are expected to hold rates at today’s meeting, given GDP unexpectedly contracted in Q2. Still, implied volatility has spiked higher for USD/CAD. Perhaps the BOC pause will not be as dovish as expected, Fed members tout a hold or the rise of bond yields (and therefore the US dollar) lose steam. If so, USD/CAD may be better for short bets beneath the April highs.
USD/CAD Outlook remains Bullish – Currency Pair of the Week
Our bullish USD/CAD outlook will be tested this week, with key events from Canada to look forward to, as well as a couple of potentially market-moving data from the US. The USD/CAD was understandably trading within small ranges on Monday with both North American nations on holiday, but the bullish trend remained in place.
US dollar analysis: GBP/USD, USD/CAD and EUR/USD outlook – Forex Friday
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus on the US dollar analysis, and provide updates on the GBP/USD, USD/CAD and EUR/USD outlook, before looking ahead to the next week. We maintain a bearish outlook on the US dollar and would favour looking for bullish setups on high-beta currencies.
EUR/USD analysis, USD/CAD and GOLD outlook - Technical Tuesday
In this week’s report, we will provide technical analysis on the EUR/USD and USD/CAD and discuss the GOLD outlook. The slight risk off tone across financial markets has kept the dollar supported on haven flows. But with US CPI to come, we could see a potential reversal in the dollar’s bullish trend this week, with major currency pairs testing some key levels.
USD/CAD outlook: Jobs and inflation in focus
The USD/CAD outlook is going to be influenced by jobs reports from both the US and Canada due out later today.
Canadian Dollar Technical Forecast: USD/CAD Bulls Eye Resistance
Canadian Dollar is on the defensive for a third week with USD/CAD rallying nearly 2% off the yearly low. The levels that matter on the weekly technical chart.