Tag Archives: CAD

Mixed trading dominates the movements of the Canadian dollar within a bearish path to witness the current intraday stability below the support level 1.2370/1.2365. Technically, trading is stable below 1.2370, the 23.60% Fibonacci correction that supports a bearish bias in the coming hours, in addition to the RSI losing the …

USD/CAD fell for the first time in the week, down by 0.25%, trading at 1.2358 during the New York TRADING session. As the BoC decided to keep interest rates unchanged, investors’ expectation towards the QE was a reduction in its weekly purchases from CAD 2 billion to CAD 1 billion. …

Short term U.S. Treasury yields leapt higher Wednesday after the Bank of Canada shut down its QE program and signaled for an early 2022 interest rate hike only some days before November’s awaited Fed policy meeting.Treasury yields jumped higher Wednesday, pushing major stock indices into the red zone, after the …

The Canadian dollar built on the support published in the previous analysis at 1.2350, retest the resistance level of the psychological barrier 1.2400, recording the highest level at 1.2399. Technically, and carefully looking at the 4-hour chart, we notice the return of the simple moving averages to hold the price …

Investors await fiscal policy announcement, Wednesday, for clues that Canada’s central bank is turning more hawkish. Led by Governor Tiff Macklem, the Bank of Canada is expected on Wednesday to raise its inflation forecast and to largely end stimulus related bond buying program, starting a countdown of sorts to the …

The U. S. dollar ended the trading session with mixed performance. It is particularly stronger against European rivals. EUR/USD pair is down to the lower end of its weekly range, trading in the 1.1590 price zone.GBP/USD settled around 1.3760. The pair received additional pressure from comments by European Commissioner for …

The Bank of Canada will continue pulling back its stimulus that has been in place to support the economy at a policy decision this week, paving the way for the start of interest rate increases next year amid inflation concerns.Governor Tiff Macklem is expected to reduce weekly government bond purchases …

Positive trades dominated the Canadian dollar’s movements after attempts to build on the main support floor located at 1.2300, to return to the bullish rebound, retesting the resistance level of the psychological barrier 1.2400. Technically, and by looking at the chart with a 60-minute chart, we notice that the price …

Canada’s hot wave of inflation and the recovering labour market are accelerating pressure on the Bank of Canada to hike interest rates ahead of schedule. Investors are eyeing a fiscal policy announcement this week for clues that the central bank is turning more hawkish. Led by Governor Tiff Macklem, the …

The pivotal support level mentioned in the previous analysis managed to limit the bearish tendency seen in CAD during the past week, to cap the bullish bounce within the expected technical outlook, through which we targeted a retest of 1.2380, recording a high of 1.2390. Technically, and by looking at …