Tag Archives: USD/CAD

The week has got an obviously quiet beginning as the United States observes the President’s Day holiday. Economic Data The absence of macroeconomic releases helped majors to trade within tight intraday ranges. Liquidity is thin and the market sentiment is sour. Key Developments North Korea fired an intercontinental ballistic missile …

The USD/CAD pair broke two days of losses and rose towards 1.3350s on US inflation data. The US Consumer Price Index for January was mixed, with MoM aligned with estimates, while YoY figures were above forecasts. The USD/CAD pair braces to its early gains in the day, though it retreated …

The USD/CAD bulls are moving ahead despite Tuesday’s bearish close. The US Dollar has firmed on hawkish sentiment around the US Fed again versus seemingly dovish stance adopted by the Bank of Canada.. There is a 61.8% Fibonacci retracement level near 1.3350 below the neckline near 1.3380. However, given that …

The USD/CAD pair is holding to gains as traders await clues by Fed Chair Jerome Powell’s speech later on Tuesday. At the time of writing, the pair is trading at 1.3463, registering 0.12% gains versus the previous closing at 1.3445.On Tuesday, the US trade deficit widened, though market participants ignored …

Canada Ivey PMI improved at a much stronger pace than expected in January. The USD/CAD pair continues to trade in positive territory near 1.3450. The Ivey Purchasing Managers Index (PMI), an economic index which measures the month-to-month variation in economic activity in Canada, climbed to 60.1 (seasonally adjusted) in January …

The USD/CAD resumed its uptrend once it reclaimed the February 1 daily high at 1.3379. the pair climbs in the US trading session after hitting a daily low of 1.3311 before Wall Street opened.The strong US jobs report boosted the US dollar, the strongest currency across the forex board. At …

The latest interest rate hike decided by the Fed was a shock for the USD/CAD on Wednesday, dragging the pair to fresh year-to-day lows. Falling oil prices and solid US labour market data underpinned the pair. As expected, USD/CAD traders are eyeing Friday’s US Nonfarm Payrolls data alongside ISM Non-Manufacturing …

Bears are busy reading between the lines and digesting Jerome Powell’s speech. They are cautiously concluding that the US disinflationary process has started. The USD/CAD pair is under pressure and recording fresh multi-day lows retreating to 1.3274 before the latest reading at 1.3290 at the time of writing.The Fed’s rhetoric …

The US dollar is modestly up amid higher US yields ahead of Fed’s meeting his week and key economic data. Equities and crude oil prices are able to trim previous losses during the US session.The pair is trading at 1.3362 at the time of typing. So far, the USD/CAD pair …

The USD/CAD pair picks up some momentum and retests the 1.3330 mark. The pair is trading at 1.3053 at the time of writing post the announcement of the US headline, Core PCE which drifted lower in December.US Consumer Sentiment comes next on the economic calendar. The USD/CAD now is attempting …