1.2500 In Play For USD/CAD, Baker-Hughes Rig Count Out
For the USD/CAD, the long and intermediate-term trends are down. This pair appears destined to revisit 2021’s Low (1.2356). Full Article
USD/CAD Reverses at the 100 SMA, As US Oil Inventories Post A Big Decline
USD/CAD resumed the bearish trend again, as Oil inventories fell Full Article
USD/CAD Turns Bearish Again, After the Great Employment Report From Canada
The Canadian employment report for March was amazing Full Article
USD/CAD Falls As WTI Crude Challenges $60.00
In addition to the weekly EIA report, the USD/CAD has been impacted by the U.S./Canada trade balance figures from Wednesday. Full Article
EIA Reports -0.876M Barrel Draw, USD/CAD Enters Rotation
At press time, the USD/CAD is trading near the 1.2575 quarter-handle. Intraday participation has been bearish, paring weekly gains. Full Article
USD/CAD Failing at MAs Once Again, Confirming That Sellers Remain in Charge
USD/CAD has returned back down, after failing to break MAs on different charts Full Article
Is the 50 SMA Going to Keep USD/CAD Down Again?
USD/CAD has reversed higher today, but it is facing the 50 daily SMA now Full Article
USD Positive As Forex Trading Week Gets Underway
The USD/CAD is one of this morning’s more active pairs. Let’s check out the daily technicals and see if we can spot a trade or two. Full Article
Baker-Hughes Rig Count Comes In Up Six At 324
Since the Baker-Hughes rig count has been released, WTI crude oil futures have entered rotation above $61.00. Full Article
The Baker-Hughes Rig Count Is Up 9, Stands At 318
If today’s Baker-Hughes figures are any indication, the USD/CAD is likely to continue its long-term down trend. Full Article
Retail Sales Remains Negative in January Again in Canada
Canadian retail sales declined by 1.2% in January Full Article
USD/CAD Approaches Key 38% Retracement Level
For the first time in more than a week, the USD/CAD is in a position to close the forex session definitively in the green. Full Article
The Unemployment Rate Dives Lower in Canada
Employment surged higher in February, sending the unemployment rate down Full Article
Canadian Economy Remains Afloat Despite Restrictions
The GDP of Canada increased by 9.6% in Q4 of last year Full Article