[ad_1] Share: USD/CAD trades with a mild negative bias and is pressured by a modest USD downtick. The uncertainty over the Fed’s rate-hike path should help limit any meaningful USD fall. Bearish Oil prices might continue to undermine the Loonie and lend support to the pair. The USD/CAD pair ticks lower during the
[ad_1] Most Read: Gold, Silver Price Forecast – XAU/USD & XAG/USD May Get Boost from Macro Trends The U.S. dollar, as measured by the DXY index, was a tad firmer on Wednesday, extending its rebound for the third day in a row after last week’s overextended selloff in the wake of the FOMC decision and
[ad_1] The USDCAD raced lower last week and continued that fall yesterday to a low of 1.36284. However, the move lower stalled, and the price moved back above a swing area between 1.3659 and 1.3668 (and held support on a dip). Sellers turn the buyers and that momentum has continued in trading here today. The
[ad_1] Share: The Canadian Dollar is bounding higher, extending weekly gains. Canada Unemployment Rate missed forecasts, hampering CAD upside. CAD gains 17.5K jobs, entirely part-time employment; wage growth also lower. The Canadian Dollar (CAD) is seeing further upside against the US Dollar (USD) after a US Nonfarm Payrolls (NFP) report that came in
[ad_1] Share: USD/CAD continues to draw support from bearish Oil prices and a modest USD strength. Tuesday’s disappointing Canadian GDP also undermines the Loonie and acts as a tailwind. Traders now look to the US macro data for some impetus ahead of the key FOMC decision. The USD/CAD pair attracts some dip-buying during
[ad_1] Share: Canadian Dollar falls back as broader markets turn into the US Dollar. Canada GDP flattens as economy lags, odds of future rate cuts beginning to rise. Fed’s Wednesday rate call has markets twisting, USD is Tuesday’s best performer. The Canadian Dollar (CAD) has seen a quick end to its almost-rally on
[ad_1] Canadian Dollar Vs US Dollar, Euro, Australian Dollar – Outlook: USD/CAD is testing major resistance. AUD/CAD is attempting to rebound from strong support. No sign of reversal of EUR/CAD’s broader uptrend. What is the outlook and key levels to watch in USD/CAD, EUR/CAD, and AUD/CAD? Looking for actionable trading ideas? Download our top trading
[ad_1] The USDCAD has moved up to test a real good target level. It is so important you probably want to know about it whether you are a buyers or a seller. Move above it and it opens the door for further upside potential. Stay below it and sellers may start to take some control
[ad_1] Share: The Canadian Dollar continues to lose ground, down 1% on the week. Loonie traders will be looking ahead to Canada GDP figures next Tuesday. Crude Oil prices also down for the week, draining support from the CAD. The Canadian Dollar (CAD) is seeing more declines for Friday and is set to
[ad_1] Number of traders net-short has increased by 43.24% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/CAD BULLISH 20.42% 79.58% -17.52% Daily -30.32% Weekly 4.88% Daily 43.24% Weekly -0.63% Daily 17.83% Weekly of clients are net long. of clients are net short. Change in Longs
