USD/CAD Remains Bearish, Despite the Jump in USD on Higher US PCE Inflation
The Canadian GDP fell flat in May against a 0.2% decline expected, while the US core PCE inflation increased further last month Full Article
Canada Inflation Reaches 40-Year High, USD/CAD Stops at the 50 SMA
Headline CPI inflation increases to 8.1% in Canada in June against 8.4% expected, but that's still a 4-decade high Full Article
USD/CAD Falls Below $1.30 Again, As Odds of 75 bps Hike by the BOC Increase
The USD is retreating today while the CAD is increasing as CPI inflation pushes higher, with the BOC priced in to deliver a 75 bps hike Full Article
Is This the End of the Retreat for USD/CAD at the 200 Daily SMA?
The BOC hiked rates by 50 bps but USD/CAD is reversing higher as this pair bounces off the 200 SMA on the daily chart Full Article
Forex Signals Brief for May 5: BOE to Hike Rates, After the 50 bps FED Rate Hike Yesterday
Yesterday the FED hiked interest rates by 0.50% which disappointed the market a little, while today the Bank of England will hike rates by 2 Full Article
The CAD Jumps After Bank Of Canada Hikes Interest Rates by 0.50%
USD/CAD has lost around 1 cent after the Bank of Canada hiked interest rates by 50bps, increasing them to 1% Full Article
USD/CAD Bouncing Off the Bottom of the Range Despite the Decline in Unemployment Rate
USD/CAD is turning bullish again as crude oil turns bearish, with the US WTI falling below $100 Full Article
USD/CAD at the Bottom of the Range. Will It Reverse Higher Soon?
USD/CAD is finding support at the bottom of the range and might reverse higher soon Full Article
Buying USD/CAD Despite Oil Increasing Above $100
We decided to buy the pullback in USD/CAD after finding support at the 200 SMA Full Article
US Retail Sales and Canadian Inflation Keeps USD/CAD Trading Sideways
Inflation is picking up fast in Canada as well which will force the BOC to turn hawkish soon Full Article
BOC Neutrality Keeps USD/CAD Bullish
USD/CAD has resumed the bullish trend this week and the Bank of Canada is keeping the sentiment like that Full Article
Shorting USD/CAD As Crude Oil Remains Bullish
USD/CAD is starting to reverse lower as crude Oil keeps the uptrend going over Russia-US collusion fears Full Article
US Dollar Steadies as Investors Eye Riskier Currencies
The US dollar is trading somewhat steady after the rally in US Treasury yields takes a breather while commodity currencies come back in Full Article