Loonie Faces Key Support Ahead of US Data & OPEC+

USD/CAD ANLAYSIS & TALKING POINTS Moderating Canadian inflation unable to shake CAD bulls just yet. US durable goods orders, consumer sentiment and BoC’s Macklem in focus later today. Will channel support hold firm once again? Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of

Canadian Dollar backslides as investors dump Loonie in risk-off flows

Share: The Canadian Dollar is falling back into familiar lows on Wednesday as investors pull up stakes. Canada Housing Starts came in better than expected, but risk-off flows are dominating. Thin calendar docket for the CAD until Friday’s Retail Sales. The Canadian Dollar (CAD) is falling back in the American market session as

Loonie Pauses on Upcoming US Drivers

USD/CAD ANLAYSIS & TALKING POINTS Crude oil, Israel-Palestine war and US data dynamic provide complicated backdrop for USD/CAD. US factors under the spotlight today. Key support break could see USD/CAD breakdown further. Elevate your trading skills and gain a competitive edge. Get your hands on the U.S. dollar Q4 outlook today for exclusive insights into

GBP/CAD slips as oil prices fuel Loonie after mixed UK jobs data

Share: GBP/CAD trades at 1.6924, pressured by rising oil prices and a UK unemployment rate increase to 4.3%. Bank of England hints at a rate cap at 5.50%, while the Bank of Canada eyes further tightening amid strong job growth. Upcoming monetary policy decisions could dictate the pair’s direction, but higher oil prices

Crude Oil & BoC Remnants Keep Loonie Elevated

USD/CAD ANLAYSIS & TALKING POINTS Quiet trading anticipated today. US CPI under the spotlight tomorrow. USD/CAD negative divergence progresses. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter CANADIAN DOLLAR FUNDAMENTAL BACKDROP The Canadian dollar has managed to maintain strength against the

Loonie Preps for Canadian & US PMI Data

USD/CAD ANLAYSIS & TALKING POINTS BoC looks to economic data for guidance. Canadian and US manufacturing in focus today. Rising wedge gives hope to CAD bulls. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter CANADIAN DOLLAR FUNDAMENTAL BACKDROP The Canadian dollar