USD / CAD is struggling to find direction on Tuesday. The US dollar index is recovering from daily lows, it seems to close modestly lower. WTI remains in a consolidation phase around $ 65. The pair USD / CAD it closed the previous four trading days in negative territory and extended its slide to the […]
Tag: USDCAD
Clinging to Modest Gains Above 1.2100, Bearish Bias Remains
A combination of factors helped the USD / CAD make a modest recovery from nearly four-year lows. The oversold RSI on the daily chart seemed to be the only factor that triggered some short hedging. The technical setup still favors bearish traders and supports prospects for further weakness. The pair USD / CAD it rose […]
USD / CAD remains trapped within a range near multi-year lows around the 1.2100 level
A combination of factors helps the USD / CAD to hold steady near the 1.2100 level on Tuesday. A rally in US bond yields and a weaker risk tone propel some safe-haven money flows into the USD. Falling crude oil prices weigh on the CAD and offer some support for the pair. The lack of […]
USD / CAD bears take control, looking at a probable correction
The USD / CAD decline is followed by the decline in the dollar and generally stronger commodity prices in the month of April and May. At the time of writing this report, the USD / CAD It is trading at 1.2084 and is down 0.3% after going from a high of 1.2103 to a low […]
USD / CAD moves sideways above 1.2100 after falling to multi-year lows
USD / CAD touched its lowest level in more than three years on Monday. Rising crude prices help the CAD retain its strength. The US dollar index remains at a contact distance of 90.00. After closing the fifth consecutive week in negative territory, the pair USD / CAD it extended its slide and touched its […]
USD / CAD remains in positive territory around 1.2180 after US and Canadian jobs reports
USD / CAD fluctuated wildly in the early US session on Friday. Nonfarm payrolls in the US increased by just 266,000 in April. The unemployment rate in Canada increased to 8.1% from 7.5%. The pair USD / CAD It fell to a session low of 1.2150 in the first US session, but quickly reversed its […]
Markets Ignore Fed Warnings Awaiting Major Non-Farm Payrolls
This is what you need to know to trade today Friday May 7: The market mood is optimistic despite warnings from the Fed about financial risks and continued tensions between the United States and China. Non-Farm Payrolls are expected to show an increase of around one million jobs. The Federal Reserve He warned that COVID […]
USD / CAD falls to fresh multi-year lows below 1.2200
USD / CAD extended its decline after closing lower on Wednesday. The US Dollar Index appears to close below 91.00. The focus shifts to the April US Non-Farm Payrolls (NFP) report. The pair USD / CAD it remained relatively quiet around 1.2250 for the first half of the day, but lost traction in the US […]
USD / CAD falls further below 1.2250, at new yearly lows
The sustained sale of USD put pressure on USD / CAD for the second consecutive session on Thursday. A softer tone around crude oil prices did little to undermine the loonie or provide support for the pair. The pair USD / CAD it continued to lose ground during the middle of the European session and […]
USD / CAD falls to the lowest level since February 2018 below 1.2250
A combination of factors dragged USD / CAD lower for the second day in a row on Thursday. A rebound in oil prices benefits the CAD and puts some pressure amid the weak USD. Light oversold conditions could help limit deeper losses, at least for now. The pair USD / CAD remains under pressure during […]