Tag Archives: CAD

The data published by Statistics Canada revealed on Friday that Retail Sales grew by 0.7% on a monthly basis in August following June’s sharp contraction of 2.5%. This reading came in better than consensus estimates pointing to a modest rise of 0.4%. The USD/CAD pair, meanwhile, moves little following the …

The United Kingdom seized most of investors and traders’ attention. During London trading hours, the Financial Times suggested the Bank of England could delay the start of the quantitative tightening bond-selling program, sending the Pound up and adding pressure on the US dollar.However, the BOE quickly denied the news headline, …

As we expected, the Canadian dollar declined noticeably against the US dollar, surpassing the official target station during the previous technical report at 1.3715, recording its lowest level at 1.3657. Technically and carefully considering the 4-hour chart, we find the pair failed to maintain the broken support floor 1.3710, and …

Mixed trading dominated the Canadian dollar’s movements at the end of last week’s trading within an unclear daily direction, to decline quickly as a result of approaching the resistance level of the psychological barrier of 1.3900. Technically, the current movements of the pair are witnessing a stable bearish tendency around …

The Canadian dollar declined quickly yesterday after hitting the resistance level of 1.3980, which forced it to trade negatively, and it is now hovering around the psychological support floor of 1.3700. Technically, we tend to the negativity, relying on the negative crossover of the simple moving averages that pressure the …

Remarkable rises dominate the movements of the Canadian dollar at the beginning of this week’s trading, taking advantage of the strong support floor at 1.3750. Technically, the positive motive from the 50-day simple moving average supports the continuation of the rise and is motivated by positive momentum signals on the …

US employment gain, for September, was not so far rfrom expectations. NFP should be broadly neutral for the USD at this time, in the opinion of economists.Friday’s data will do much to impact the US dollar’s performance. At a minimum, markets will likely have to wait until the upcoming CPI …

A temporary bullish rush dominated the Canadian dollar’s movements during the previous trading session, recording its highest level near the psychological barrier of 1.3700, which formed a negative pressure level on the price. Technically, Stochastic has gradually lost its bullish momentum, and the daily bearish trend motivates the continuation of …

The Canadian dollar declined noticeably within the expected negative outlook during the previous technical report, touching the official target station at the price of 1.3510, recording its lowest level at 1.3505. Technically, by looking at the 4-hour chart, we find the simple moving averages continuing their negative pressure on the …

The Canadian dollar reversed the expected bullish trend yesterday, in which we relied on the stability of trading above the support level of the psychological barrier 1.3700, and as a reminder that the stability of trading below 1.3700 can thwart the proposed scenario and put the pair under strong negative …