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Usd / cad – canadian dollar trading defensively

Fed Powell’s comments help sink Loonie. – Month, quarter, and half-year rebalancing flows distorting markets. – US dollar eases lower compared t...

June 29, 2023, 7:14 pm

Usd / cad – canadian dollar steady ahead of cpi

ECB President warns of higher interest rates. – Canada May Core-CPI expected unchanged at 0.5% m/m. – US dollar opens mixed-commodity currencies r...

June 27, 2023, 7:44 pm

The usdcad skims along support while resistance pushes from above. a break looms.

The USDCAD currency pair is currently engaged in a dynamic tug-of-war between buyers and sellers. A technical analysis reveals that today's activities...

June 26, 2023, 3:21 pm

Usd / cad – canadian dollar rally takes a time-out

Global risk sentiment turns negative. – Eurozone PMI data disappoints. – US dollar opens with gains-CAD outperforms. ...

June 23, 2023, 2:14 pm

Usd / cad – canadian dollar reaches tipping point

Loonie rising as expected BoC rate hikes to match Fed. – Bank of England surprises with a 50bp rate bump. – US dollar is offered due to Fe rates c...

June 22, 2023, 8:59 pm

usdcad sniffs the 50% midpoint of the move up from october 2021 low

The USDCAD moved to a new low going back to September 2022, and in the process sniffed the 50% midpoint of the move up from the October 2021 low. The ...

June 22, 2023, 2:48 pm

Predicting the usdcad selloff a month earlier

The Fed tried to sound tough last week when it held rates steady, but traders didn’t buy the threats. Coupled with the stabilization in the price of...

June 19, 2023, 11:43 am

Usd / cad – canadian dollar pushing its boundaries

Loonie probing resistance and hoping to break higher. – FOMC widely expected to skip a rate hike today. – US dollar opens mixed, but under pressur...

June 14, 2023, 5:29 pm

Intraday analysis – cad probes key resistance

usdcad struggles to bounce The Canadian dollar rallied after May’s unemployment rate came out lower t...

June 12, 2023, 6:18 am

Usd / cad – canadian dollar looking for a boc boost

Bank of Canada decision is a coin-flip. – OECD upgrades global growth forecast slightly. – US dollar drifting lower. ...

June 8, 2023, 3:29 am

Usd / cad – canadian dollar consolidating gains

Reserve Bank of Australia raises rates. – Oil prices slide despite Saudi production cut plans. – US dollar mildly softer. ...

June 6, 2023, 11:44 pm

usdcad sellers take the price below key 100/200 day mas tilting the bias to the downside

The key move technically in the USDCAD last week, was the move back below the 100 and 200 day MAs. That tilted the bias more to the downside for the p...

June 3, 2023, 12:05 am

usdcad shifts focus to the downside after deep fall

USDCAD plunged by 1.2% in the first trading day of June, sliding back below its simple moving averages (SMAs) to mark a new two-week low of 1.3417 on ...

June 2, 2023, 9:12 am

Usd / cad – canadian dollar probing resistance

Month-end flows distorting markets. – Weak Chinese PMI data boosts greenback – US dollar opens with gains except against JPY. ...

May 31, 2023, 6:44 pm

usdcad sellers tried to extend below 50% retracement

The usdcad sellers tried to extend below the 50% of the move down from the March high on the 4-hour cha...

May 30, 2023, 2:57 pm

Usd / cad – canadian dollar awaiting canada growth data

European and many European markets closed for holidays. – FX focus shifts to Fed after talk of debt ceiling deal. – CAD best performing G-10 curre...

May 29, 2023, 2:29 pm

Elliott wave analysis of usdcad – may 29th, 2023

usdcad surged last week, helped by a drop in crude oil prices and rising expectations for another rate ...

May 27, 2023, 8:40 am

Usd / cad – canadian dollar fading

Germany falls into technical recession. – Fitch puts US AAA debt rating on negative watch. – US dollar grinding higher on risk aversion. ...

May 25, 2023, 2:14 pm

Usd / cad – canadian dollar dipping lower

Focus remains on US debt ceiling discussions. – FX trading with “risk-off” bias – US dollar opens with a bid. ...

May 23, 2023, 6:29 pm

Usd / cad – canadian dollar heading into long weekend

Bernanke discussion in focus – Canada closed Monday. – US dollar retreats slightly, overnight. usdcad s...

May 19, 2023, 4:29 pm


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