The USD/CAD currency pair has encountered resistance just below the 1.3700 mark, following a rebound from weekly lows that dipped beneath 1.3600. The Bank of Canada is anticipated to maintain interest rates at 2.25%, projecting a temporary inflationary surge. The Federal Reserve is expected to maintain its current interest rates, amid uncertainties surrounding Chairman Powell’s … Read more
The USD/CAD pair is demonstrating heightened strength, reaching around 1.3635 during the early European session on Tuesday. The unfavorable perspective for the pair persists beneath the 100-day EMA, alongside a bearish RSI momentum. The initial resistance level is set at 1.3760, and the first support level is located at 1.3560. The pair shows slight increases … Read more
USD/CAD continues its decline from 1.3713, approaching six-week lows at 1.3635. There is a sense of moderate optimism regarding the negotiations between the US and Iran, which is contributing to a defensive stance for the US Dollar. On Wednesday, the Bank of Canada and the Federal Reserve will announce their monetary policy decisions. The US … Read more
The USD/CAD rises to 1.3660 while still adhering to a bearish trend. Investors exhibit a degree of caution in light of the ambiguous signals emanating from the US-Iran peace negotiations. Kevin Warsh, the nominee for Fed Chair, is scheduled to testify at the confirmation hearing later on Tuesday. The US Dollar exhibits slight gains against … Read more
The USD/CAD has reached new three-week lows at 1.3670 after experiencing a five-day decline. The potential for a resolution in the US-Iran conflict continues to exert downward pressure on the safe-haven USD. Canada’s CPI figures, set to be released on Monday, are anticipated to indicate increased inflationary pressures for March. The US Dollar continues its … Read more
The US Dollar rebounded from three-week lows around 1.3730, making its way back to the 1.1775 region. The Greenback reduces its losses as investors contemplate Trump’s inconsistent signals regarding Iran. From a broader viewpoint, the pair is currently approximately 1.25% beneath the peaks observed last week. The US Dollar is reducing some of its losses … Read more
The USD/CAD pair experienced a modest increase during Friday’s session, with the US dollar rebounding against the Canadian dollar from the significant 200-day EMA. This move highlights that global risk appetite continues to be the dominant driver for USD/CAD, rather than domestic Canadian factors. US 10-year Treasury yields remain elevated, currently around 4.32%, as market … Read more
The US dollar experienced a decline against the Canadian dollar during Wednesday’s trading session, influenced by a decrease in rates following a ceasefire agreement between the United States and Iran. Given the circumstances, we have observed certain breaches of this, and it will be intriguing to monitor whether this trend persists. We have seen a … Read more
The USD/CAD pair has softened to approximately 1.3835 during the early Asian session on Wednesday. Trump has consented to halt military actions against Iran for a duration of two weeks. The FOMC Minutes are set to be the focal point later on Wednesday. The USD/CAD pair experiences a decline, reaching approximately 1.3835 in the early … Read more
The USD/CAD pair is exhibiting positive movement near the 1.3915 mark in the early European session on Tuesday. Trump warned of possible attacks as the deadline for the Hormuz agreement draws near. Rising crude oil prices may bolster the commodity-linked Loonie, potentially capping the upside for the pair. The USD/CAD pair is presently situated in … Read more
