Oil, Natural Gas, USD/CAD Analysis As Inventory Data Fuels Bearish Sentiment – FX Empire
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USD/CAD touches the lowest since December 17 after tariff reprieve – ForexLive
The Canadian dollar has moved significantly today, trading in a 220 pips range. The pair rose to a year-to-date high of 1.4485 on concerns that President Trump could impose first-day tariffs of up to 25% on Canada, sparking retaliation and a trade war. But the WSJ report emphasized that President Trump only plans to sign […]
USD/CAD gains above 1.4400 as US Dollar dominates on Fed’s cautious policy outlook – FXStreet
USD/CAD rose above 1.4400 as the US dollar hit a new two-year high. The Fed is expected to go through a gradual rate-cutting cycle this year. Investors are awaiting US ISM Manufacturing PMI data for December. The USD/CAD pair rose to around 1.4420 in European trading on Thursday. The loonie pair is rising as the […]
USD/CAD marks fresh multi-year highs near 1.4350, awaits Fed’s guidance – FXStreet
USD/CAD hit 1.4329 on Wednesday, its highest level since March 2020. The Canadian dollar faces challenges due to a dovish central bank and domestic political uncertainty. CME's FedWatch tool suggests Wednesday's 25 basis point rate cut is almost fully priced in. USD/CAD has extended its winning streak to five days in a row and is […]
USD/CAD Price Forecast: Bulls turn cautious ahead of US CPI report and BoC decision – FXStreet
USD/CAD has retreated from multi-year highs, but the downside appears to be limited. Rising oil prices are supporting the loonie and putting pressure on the currency pair. The technical setup supports the prospect of some bullish buying. The USD/CAD pair fell slightly in Asian trading on Wednesday, but did not continue to rise, remaining close […]
USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets – FXStreet
USD/CAD traded with a positive bias for the third day in a row, rising to multi-year highs. The central bank's sharp interest rate cuts and bets on a modest fall in oil prices have weakened the loonie. Ahead of Wednesday's U.S. consumer price index and central bank decisions, the U.S. dollar's price movements have been […]
USD/CAD consolidates near weekly high, around 1.4070 as traders await Powell’s speech – FXStreet
USD/CAD has no clear direction during the day and is influenced by a combination of divergent forces. An overnight rise in oil prices and a reduction in bets that the central bank will cut deep interest rates are supporting the loonie. USD bulls continue to wait and see ahead of Fed Chair Jerome Powell's speech […]
USD/CAD finds temporary support below 1.4000, Canadian Q3 GDP in focus – FXStreet
USD/CAD provided a temporary cushion around 1.3980 as investors await Canadian monthly data and Q3 GDP data. Canada's economy is estimated to have grown 1% compared to the same quarter in the precious year, slower than the 2.1% growth in the second quarter. Given the strong fundamental outlook, the US dollar could rebound. The USD/CAD […]
USD/CAD drops even though US Dollar rebounds, Canadian Q3 GDP in focus – FXStreet
The Canadian dollar strengthened on expectations for healthy trade negotiations with the US, while the USD/CAD pair fell. Economists expect Canada's economy to grow by 1% in the third quarter of this year. The US dollar recovered despite slow trading due to Thanksgiving. Despite decent recovery moves in the US dollar (USD), the USD/CAD pair […]
USD/CAD trades around 1.3900 after pulling back from all-time highs, awaits Fed decision – FXStreet
USD/CAD could rise as the US dollar (USD) receives support from President Trump's trade. U.S. Treasury yields rose to 4.31% and 4.47%, respectively, on Wednesday, their highest levels since July, before adjusting lower. Commodity-linked CAD is supported by rising oil prices. USD/CAD retreated from the all-time high of 1.3958 reached in the previous session. The […]