USD/CAD advances during the day are facing resistance at the 50-day EMA at 1.2857. Falling oil prices and sentiment weighed on the Canadian dollar, a tailwind for USD/CAD. USD/CAD Price Analysis: A Break Above 50 Day EMA Could Clear Path To 1.3000; otherwise, 1.2800 is targeted. The USD/CAD rises and trims some of Wednesday’s losses […]
Tag: USDCAD
USD/CAD holds on to modest gains near 1.2850 but lacks continuation
USD/CAD gains some positive traction on Thursday, although it lacks bullish conviction. Weakening crude oil prices seem to weigh on the CAD and offer support to the pair. Falling US bond yields are keeping USD bulls on the defensive and acting as a headwind for the pair. The pair USD/CAD it attracts some buying near […]
USD/CAD continues to decline, trades below 1.2850
USD/CAD sees an intraday reversal from the one-week highs reached this Wednesday. The rebound in crude oil prices underpins the loonie and puts pressure amid modest dollar weakness. Rising US bond yields could give the dollar some support and limit further losses for the pair. The pair USD/CAD attracts some selling around 1.2900 on Wednesday […]
USD/CAD remains above the 50-day EMA
USD/CAD has risen on risk-off momentum, spurred by US-China geopolitical jitters. In the currency space, haven pairs like the dollar, yen and Swiss franc are appreciating. Fed Daly: The Fed must remain committed to reducing inflation. The USD/CAD it rises above the 50-day EMA, due to several factors, such as the visit of the Speaker […]
USD/CAD hits multi-day highs near 1.2880
A combination of supportive factors pushes USD/CAD higher for the second day in a row. Weakening oil prices weigh on the CAD and offer support to the pair amid a modest USD rally. Recession fears weigh on investor sentiment and appear to benefit the USD as a safe haven. The pair USD/CAD builds on the […]
USD/CAD rebounds from 7-week lows towards 1.2835
The Loonie weakens as oil falls. US dollar remains under pressure as US yields print new lows. USD/CAD is back above 1.2820. The USD/CAD rose more than 60 pips and hit a new daily high at 1.2830. On Monday it had bottomed at 1.2766, the lowest intraday level since June 10th. The move higher came […]
USD/CAD remains bearish near the 100 DMA amid USD weakness, ahead of the US ISM PMI.
USD/CAD falls to its lowest level since June 10 amid prevailing USD selling bias. Diminishing odds of a more aggressive rate hike by the Fed continue to weigh on the dollar. Weakening oil prices could undermine the loonie and help limit deeper losses for the pair. The pair USD/CAD reverses a modest intraday rally to […]
USD/CAD nears recovery gains near 1.2800 on Canadian/US PCE data.
USD/CAD rebounds from the six-week low set on Friday amid the surge in fresh dollar buying. US PCE report reignites Fed rate hike bets and continues to support USD rebound. A rebound in oil prices and a slight improvement in Canadian GDP could support the loonie and cap gains. The pair USD/CAD shows some resistance […]
USD/CAD moves steadily towards 1.2830, after updating six-week lows
USD/CAD touched a six-week low at 1.2794, but recovered some ground, waiting to break above 1.2850. The United States revealed that second-quarter GDP contracted less than the final reading for the first quarter. USD/CAD remains positive due to the strength of the US dollar and the drop in oil prices. The USD/CAD bounces off weekly […]
USD/CAD rises modestly towards 1.2880 ahead of FOMC
USD/CAD extends its weekly rally to two consecutive days of gains, but is below the July 26 high of 1.2901. Positive market sentiment capped USD/CAD’s rally as investors brace for FOMC decision. The pair USD/CAD remains almost sideways during the American session on Wednesday, as investors prepare for the decision of the Federal Reserve Open […]
