Tag Archives: USD/CAD

The USD/CAD pair is approaching 1.2900 after hawkish comments from Fed member Waller, who said that March meeting was live. A break above 1.2900 would likely open the door to a test of the initial post-Fed meeting highs near 1.2940.Some had thought that this week’s rollercoaster ride in Forex markets …

Oil prices fell in trading on Friday, but they are still on track to achieve their biggest weekly gains since late August, as easing concerns about the Coronavirus variable “Omicron” on global growth and fuel demand affected market sentiment. Both Brent and West Texas Intermediate were on track to rise …

The USD/CAD moved back above 1.2700 on Thursday as oil prices came under accelerating selling pressure.BoC’s Gravelle spoke and largely stuck to the bank’s script after it held policy settings/guidance as expected on Wednesday.USD/CAD has been on the front foot on Thursday, gaining about 0.4% to move back to the …

Ivey PMI, which is released by the Richard Ivey School of Business on a monthly basis and depicts the business conditions outlook in Canada, has remained at 61.2 in November after also posting the same reading 61.2 in October.As with other PMI indicators, a result above 50 is generally associated …

US Nonfarm payrolls report rose by 210000, lower than the expected 550000. Canadian Employment Change increased 5 times as many as estimations while the Unemployment Rate has fallen.USD/CAD threatens to break the 200-hour SMA, that once breached, would send the pair dipping towards 1.2700.During the New York session, the USD/CAD …

USD/CAD practically touched fresh highs at 1.2610 on Wednesday. The pair could slightly eclipse last week’s 1.2604 high and has since dropped back from session extremes a little.Crude oil markets have encountered pressure in recent hours, with WTI and Brent both now down by more than $2.0 during US session …

The USD/CAD pair is currently trying to hold below the support at 1.2550 while the U.S. dollar is losing some strength because of inflation and the retreat of customer sentiment.The U.S Dollar Index is stuck in the range between the support at 95 and the resistance at 95.20. In case …

The Canadian dollar failed to benefit from the strong Canadian labour market released Friday, much like the U. S. dollar and the USD/CAD pair is settling in neutral territory on the day around the 1.2450 mark. The pair has been subject to significant retreat in recent days, together with 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. …

USD/CAD is advancing during the New York session, up 0.19%, trading at 1.2393. An upbeat market sentiment surrounds the market portrayed by US equity indexes rising between 0.17% and 0.92%.Western Texas Intermediate, the US benchmark for crude oil, which significantly influences the Canadian dollar, is rising 0.61%, trades at $81.42, …