{"id":59752,"date":"2022-02-08T00:04:13","date_gmt":"2022-02-07T20:04:13","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=59752"},"modified":"2022-02-08T00:06:58","modified_gmt":"2022-02-07T20:06:58","slug":"usd-cad-bulls-seeking-a-break","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-cad-bulls-seeking-a-break\/02\/08\/market-updates\/","title":{"rendered":"USD\/CAD Bulls Seeking A Break"},"content":{"rendered":"\n<p>Bulls are firming up at a critical support area, the bulls came out in force and took the price higher, but as illustrated below, the bears are putting up a fight. <br> <br>The pair\u2019s price rallied but was met with supply at the start of the new week, despite a dip in crude oil prices. The move in the Canadian dollar could be down to the market&#8217;s rethinking for the Bank of Canada in March. Despite Friday&#8217;s poor Canadian Employment data for January and subsequent selloff in the Canadian dollar, the BoC is unlikely to have not expected this development.<br><br>Economists and investors do not expect this report to derail the BoC in March as the Canadian central bank should have incorporated near-term weakness into its latest projections. Market observers continue to look for four rate hikes in 2022, with balance sheet runoff starting in April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bulls are firming up at a critical support area, the bulls came out in force and took the price higher, but as illustrated below, the bears are putting up a fight. The pair\u2019s price rallied but was met with supply at the start of the new week, despite a dip in crude oil prices. The &hellip;<\/p>\n","protected":false},"author":13,"featured_media":56113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6932,6889,7015],"class_list":["post-59752","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boc","tag-cad","tag-usd-cad"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=59752"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59752\/revisions"}],"predecessor-version":[{"id":59756,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59752\/revisions\/59756"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/56113"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=59752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=59752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=59752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}