Tag: usd/cad
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USD/CAD Slides as Oil Surprisingly Follows Suit on Potential US-Venezuela Oil Deal
[ad_1] USD/CAD, WTI OIL PRICE, CHARTS AND ANALYSIS: The Loonie Faces a Key Moment Tomorrow as Inflation Data is Due Ahead of the BoC Meeting Next Week. WTI Slides as US-Venezuela Deal Grows Closer. Middle East Tensions Simmer with Developpements Around Iranian Involvement to be Monitored. Retail Traders are Currently Short on USDCAD as 61%…
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US Dollar, Gold, Crude Oil, AUD/USD, USD/CAD, RBA, BoC
[ad_1] Recommended by Daniel Dubrovsky How to Trade Gold The US Dollar broadly underperformed against its major counterparts this past week, with gold prices seeing a strong rally. A root cause of this was somewhat disappointing economic data from the world’s largest economy. That contributed to financial markets increasingly pricing in a less dovish Federal…
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Dow Jones, S&P 500, US Dollar, Gold, USD/CAD, AUD/USD, GDP
[ad_1] Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Global market sentiment deteriorated this past week, setting traders up for volatility moving forward. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 fell 2.61%, 2.94%, and 3.89%, respectively. Across the Atlantic, the FTSE 100 and DAX 40 sank 1.57% and 1.76%, respectively.…
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Canadian Dollar Dented by GDP Data, But USD/CAD Near-Term Downtrend Holds
[ad_1] Canadian Dollar, USD/CAD, Australian Dollar, China PMI – Asia Pacific Market Open Recommended by Daniel Dubrovsky Forex for Beginners Asia-Pacific Market Briefing – Canadian Dollar Sinks After Local GDP Slows The Canadian Dollar underperformed against its major counterparts on Tuesday, also tracking a cautious deterioration in risk appetite. At one point, the S&P 500…
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US Dollar Techs Post-Minutes: EUR/USD, GBP/USD, USD/CAD
[ad_1] US Dollar Talking Points: Recommended by James Stanley Get Your Free USD Forecast The US Dollar started the week with strength, breaking out from the short-term ascending triangle that I had highlighted in this week’s forecast. The break happened even before the US market could open on Monday and prices in DXY continued to…
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US Dollar Price Action Ahead of CPI: EUR/USD, GBP/USD, USD/CAD
[ad_1] US Dollar Talking Points: The US Dollar put in another bearish break yesterday, running down to a spot of support that was in-play two weeks ago as the projected target from a double top formation. There’s a batch of support points just below USD price action including a trendline, a Fibonacci retracement and a…
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Canadian Dollar Sinks as US Dollar Climbs Ahead of Fed Conclave. Where to for USD/CAD?
[ad_1] Canadian Dollar, USD/CAD, US Dollar, BoC, Fed, FOMC, AUD, Lithium – Talking Points The Canadian Dollar appears vulnerable after a benign CPI US Dollar strength can be seen across a number of markets, boosted by yields All eyes on the FOMC rate hike today. Will it elevate USD/CAD further? Trade Smarter – Sign up…
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US Dollar Grinds Higher as the Canadian Dollar Drops. Where to for USD/CAD?
[ad_1] US Dollar, USD/CAD, Canadian Dollar, GBP, EUR, CNY, CNH, Crude Oil, Gold – Talking Points The US Dollar has been buoyed by speculation of outsized Fed hike APAC equities appear vulnerable after another tumultuous session The US Dollar has hit many milestones this week.Will USD/CAD keep going higher? Trade Smarter – Sign up for…
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USD/CAD Divergence from USD/DXY Trends
[ad_1] Canadian Dollar, USD/CAD Talking Points: USD/CAD continues to find resistance around the 1.3000 psychological level, as has been the case for the better part of the past three months. While the USD trend has taken off to fresh highs this year, USD/CAD has remained much more subdued and longer-term, there’s even some bearish potential…
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Canadian Dollar Lifted by Crude Oil Bounce. Will USD/CAD Go Higher?
[ad_1] Canadian Dollar, USD/CAD, Crude Oil, OPEC+, AUD, GBP, EUR – Talking Points The Canadian Dollar has found support after the North American close as crude oil gained some ground in the aftermath of comments from OPEC+ and Saudi Arabia. The WTI futures contract is near US$ 91 bbl while the Brent one is above…