USD/CAD rises to about 1.3850 as Fed Cook’s departure holds USD back
USD/CAD appreciates as the US dollar remains steady despite President Trump’s decision to fire a key official. Fed’s Cook is moving forward with a lawsuit in response to her dismissal. Investors are on alert for upcoming US trade discussions and Canada’s GDP figures. In late trading on Wednesday in Asia, the USD/CAD pair is expected […]
USD/CAD Forex Signal for August 25: Look for a Breakout (Chart)
Created on August 25th, 2025 Potential Signals: There’s no guarantee this will happen on Monday, but if we see a breakout on a candlestick from Friday’s trading session, I might consider buying the USD/CAD pair. I could even take a larger position than usual, with a stop loss set at 1.3833. My target is around […]
USD/CAD finds it hard to make progress as Powell adopts a softer stance on interest rates.
USD/CAD faces pressure following comments from Federal Reserve Chair Powell on potential monetary policy changes. Powell’s dovish guidance has negatively impacted the US dollar. Market participants are awaiting key data on US durable goods, PCE inflation, and Canada’s GDP. The USD/CAD pair is struggling to find stability during Monday’s Asian trading session, having dropped nearly […]
USD/CAD Update 21/08: Remains Close to 200 Day EMA (Video)
Created on August 21, 2025 Potential signals: I’m optimistic about this currency pair. With a breach of the 200-day EMA, I plan to keep buying, aiming for targets around 1.38 and 1.3990. On Wednesday, trading was relatively subdued, with the US dollar fluctuating slightly against the Canadian dollar within a narrow band. The 200-day EMA […]
USD/CAD strengthens while the dollar remains stable, attention on Canada’s CPI.
The Canadian dollar lost earlier gains, with USD/CAD rising to 1.3800 during the early US sessions. The US dollar is making a slight recovery in light of the Trump-Zelensky meeting and an upcoming week packed with data, including the Federal Reserve Minutes and Jackson Hole discussions. Traders seem cautious ahead of Tuesday’s Canadian CPI report, […]
USD/CAD stays under 1.3800 as Oil prices rise before US inflation report
USD/CAD faces some challenges as the Canadian dollar benefits from rising crude oil prices. Oil prices increased following improved market sentiment after the Trump administration delayed tariff implementations in China. The Canadian dollar could feel pressure as expectations for Bank of Canada rate changes strengthen, particularly after recent disappointing employment figures. The USD/CAD pair has […]
U.S. Dollar Tries to Recover After Recent Drop: Overview for EUR/USD, GBP/USD, USD/CAD, USD/JPY
In a recent development, the cryptocurrency market continues to face significant fluctuations. Many investors are grappling with the volatility, which has sparked both concern and excitement. Some experts believe that the current downturn could be a natural correction, while others fear it might indicate a deeper issue within the market structure. Interestingly, cryptocurrencies have seen […]
USD/CAD gains momentum above 1.3850 as Trump increases tariff on Canada to 35%
The USD/CAD pair is expected to strengthen around 1.3855 in the early Asian trading session on Friday. President Trump has increased tariff rates on Canadian goods from 25% to 35%, according to a statement from the White House. Attention will be focused on the US Non-Farm Payroll (NFP) report scheduled for later on Friday. The […]
USD/CAD Outlook for 30/07: Rises Ahead of Fed and BoC
The US dollar is gaining strength against the Canadian dollar in today’s trading session. This shift is largely due to interest rate announcements from both the Bank of Canada and the Federal Reserve. In the end, the spotlight is likely to remain on the US, though it’s clear that traders are paying attention to the […]
USD/CAD Prediction for 10/07: Double Bottom Formation (Chart)
The US dollar showed initial strength in Wednesday’s trading session, but it didn’t maintain momentum against the Canadian dollar. We seem to be attempting to establish a significant “double bottom,” so it’ll be interesting to see how this develops moving forward. The FOMC meeting minutes will be released later, but the Federal Reserve’s intentions have […]