Tag: usd/cad
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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/CAD
[ad_1] US Dollar Talking Points: Despite the fireworks across global markets the US Dollar has been downright tame. The currency continues its trendless February as price action has narrowed deeper and deeper into a symmetrical triangle pattern. The next major driver in the headlines is the PCE release on the calendar for Friday morning but…
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Canadian Dollar Holds Ground Despite Lower Crude Oil Prices. Where To For USD/CAD?
[ad_1] Canadian Dollar, USD/CAD, US Dollar, Crude Oil, China – Talking Points The Canadian Dollar faces lower oil prices but increasing risk appetite Easing tensions between Russia and the West has boosted market sentiment A peaceful resolution may boost risk assets but will USD/CAD break lower? The Canadian Dollar was slightly stronger against the US…
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USD/CAD v/s CAD/JPY for CAD Strength
[ad_1] CAD, USD/CAD, CAD/JPY Talking Points: The Bank of Canada surprised last week when announcing an end to their QE program. USD/CAD is now backed by two central banks that are moving away from the uber-loose policies implemented during the pandemic: For traders looking at trends with the CAD, there may be more amenable pastures…
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Canadian Dollar Price Action Setups: USD/CAD, CAD/JPY, EUR/CAD
[ad_1] Canadian Dollar, CAD, USD/CAD, CAD/JPY, EUR/CAD Talking Points: The Canadian Dollar caught a jolt yesterday when the BoC brought a hawkish warning to their rate decision. USD/CAD has clawed back a portion of that move already but CAD-strength may be more attractive elsewhere, against currencies such as the Japanese Yen or the Euro. The…
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Canadian Dollar Price Forecast: USD/CAD, CAD/JPY
[ad_1] Canadian Dollar, CAD, USD/CAD, CAD/JPY Talking Points: The oil-CAD relationship has been on display over the past month as both markets have been bursting with strength. Oil price have jumped up to a fresh seven-year-high and the Canadian Dollar has been showing similar motive as the commodity currency has been well bid, helping to…
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, USD/CAD
[ad_1] US Dollar Talking Points: The US Dollar has thus far spent October digesting the bullish move that showed with prominence in late-September. This week sees the focus shift to a key inflation report out of the US with the release of CPI on Wednesday. With the Fed’s potential tapering announcement around the corner at…
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Canadian Dollar Caged in by Inflation Favouring USD on Energy. Where to for USD/CAD?
[ad_1] Canadian Dollar, USD/CAD, US Dollar, Inflation, US Yields – Talking Points The Canadian Dollar was overwhelmed by US yields despite sky-high crude oil APAC equities lost ground as inflationary fears from energy markets grow USD stronger, including against commodity currencies. Where to for USD/CAD? The Canadian Dollar retreated today as the US Dollar found…
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Canadian Dollar Jumps on Energy Gains Ahead of OPEC+. Will USD/CAD Break Lower?
[ad_1] Canadian Dollar, USD/CAD, OPEC+, Evergrande – Talking Points The Canadian Dollar has been supported by higher commodity prices APAC equities, except ASX 200, went lower as Evergrande risks swirl High energy prices boost commodity currencies. Will USD/CAD go lower? Asian equities were mostly softer today, despite a strong lead from the US on Friday.…
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US Dollar Price Action Setups for Q4: EUR/USD, USD/CAD, USD/JPY
[ad_1] US Dollar, EUR/USD, USD/CAD, USD/JPY Talking Points: Last week I looked at an ascending triangle in the US Dollar. That formation has since led to a bullish breakout with the Greenback pushing up to fresh yearly highs. Today marks the start of Q4, and with the Fed recently warning of rate hikes as early…
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Canadian Dollar Price Forecast: USD/CAD Spikes from Support
[ad_1] Canadian Dollar, USD/CAD, CAD Talking Points: The US Dollar is continuing to run higher after last week’s FOMC rate decision. With the Fed upgrading their rate forecasts, there’s now more incentive for traders to be on the long side of the Greenback, and this has created ripple effects across the FX market as markets…