Tag Archives: CAD

The Canadian dollar achieved the idea of ​​the bullish bias published during the technical analysis of yesterday’s session, touching the required retest target at 1.2620 and recording its highest level at 1.2620. Technically and with careful consideration on the 60-minute chart, the current movements are witnessing intraday stability above the …

Limited positive trading returned to dominate the Canadian dollar’s movements, benefiting from the 1.2540 support level, forcing the pair to rebound to the upside and witness the current movements of intraday stability above 1.2550. Technically, we find that the momentum indicator 14 could obtain positive signals on the short time …

Sideways trades that tend to the downside continue to dominate the movements of the Canadian dollar, to return to test the strong resistance level located at 1.2600, unable to breach it until now. From the angle of technical analysis today, and with careful consideration on the 4-hour chart, we find …

US equities finished the last trading session of the week with heavy losses, between 1.05% and 2.47%. Positive US jobs report further cemented the case for a US Federal Reserve rate hike of 50 bps in the June meeting, despite worries that the US central bank could cause a recession.Economic …

Tight sideways trading dominated the Canadian dollar’s movements yesterday, touching the strong support floor at 1.2600 and below the resistance level of 1.2690. Technically and carefully looking at the 60-minute chart, we find that the RSI is trying to gain more bullish momentum; this comes in conjunction with the positivity …

The US dollar surged during US trading hours as stocks plummeted while Treasury yields advanced. The catalyst was a slew of positive US data boosting the US dollar and concerns about a likely looming recession.Economic DataThe US ISM Manufacturing PMI rose to 56.1 in May from 55.4 in the previous …

The Bank of Canada (BoC) lifted interest rates by 50 bps from 1.0% to 1.50% on Wednesday, a move that had been expected by most analysts, with a minority calling for a larger 75 bps hike.

The movements of the Canadian dollar witnessed a bearish tendency during the last trading session, heading to touch the first target that is required to be touched at 1.2635, to record its lowest level at 1.2630. Technically, we notice that the pair has benefited from the support level represented by …

The Bank of Canada will announce its interest rate decision on Wednesday, June 1 and as financial markets get closer to the release time, expectations were published as forecast by the economists and researchers of six major banks, regarding the upcoming policy decision announcement. The Bank of Canada is expected …

Negative trading continued to dominate the movements of the Canadian dollar within the expected negative outlook during the last analysis, in which we relied on confirming the pair’s breach of the 1.2770 support level, touching the first target that is required to be touched, 1.2665, recording its lowest level during …