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CAD
CAD, Technical Analysis, USD
USD/CAD Climbs for Fifth Day as Bulls Target Break Above 1.3914
Today Markets Analysis: USD/CAD has extended its winning streak for a fifth consecutive session, trading around 1.3910 as the US Dollar continues to strengthen against the Canadian Dollar. The pair is now testing the important 1.3914 area, where the 50-day EMA could determine whether the current recovery develops into a more sustained bullish move. While […]
by Currency Hedger
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- 1 day ago
CAD, Technical Analysis, USD
Canadian Dollar Gains Support as Oil Prices Rise Amid Saudi Pipeline Disruptions
Currency Hedger Analysis: The Canadian dollar is finding renewed support as crude oil prices approach four-month highs, reinforcing one of the currency’s most important fundamental relationships. USD/CAD has retreated toward 1.3870 after three consecutive sessions of gains, with higher energy prices providing a tailwind for the commodity-linked CAD. However, the Canadian dollar faces an important […]
by Currency Hedger
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- 2 days ago
CAD
USD/CAD Price Remains below 1.3800 as bearish bias prevails
USD/CAD extends its losses for the third consecutive day, trading around 1.3780 during the European hours on Wednesday. The technical analysis of the daily chart indicates the pair is falling within the descending channel pattern, signalling a persistent bearish bias. USD/CAD is holding a bearish near-term bias as spot remains under both the nine-day and […]
by Currency Hedger
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- 1 week ago
CAD
Canadian Dollar gains as US Dollar struggles despite rising Fed rate hike bets
USD/CAD extends its losses for the second successive day, trading around 1.3800 during the Asian hours on Tuesday. Analysts at HSBC caution that, despite the recent improvement in sentiment around the Fed’s anti-inflation stance, broader structural issues have not disappeared. They highlight ongoing worries over US fiscal sustainability, noting that they “remain cautious about broader […]
by Currency Hedger
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- 1 week ago
CAD, Technical Analysis
The CAD moves little despite weaker US Dollar, higher oil prices
USD/CAD remains steady after registering modest gains in the previous day, trading around 1.3830 during Asian hours on Monday. However, the pair could face downside pressure as the commodity-linked Canadian Dollar (CAD) may gain support from rising crude oil prices, given Canada’s position as a leading crude exporter. West Texas Intermediate (WTI) rebounded toward $90.00 […]
by Currency Hedger
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- 1 week ago
CAD, Technical Analysis, USD
USD/CAD Price Forecast: 100-day EMA remains key hurdle
The Canadian Dollar (CAD) trades broadly sideways against the US Dollar (USD) at around 1.3790 on Friday after a strong Thursday, with investors awaiting the United States (US) Nonfarm Payrolls (NFP) data for August, which will be published at 12:30 GMT. The USD/CAD fell sharply on Thursday as the US Dollar faced sharp selling pressure […]
by Currency Hedger
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- 2 weeks ago
CAD, USD
Canadian Dollar hits fresh two-week lows amid higher yields, Fed hiking bets
The Canadian Dollar (CAD) depreciates against the US Dollar (USD) for the second consecutive day on Wednesday, weighed by growing risk aversion as global yields rise to multi-year highs and with expectations of an immediate Federal Reserve (Fed) rate hike providing additional support to the Greenback. The USD/CAD pair has reached fresh two-week highs above 1.3920 ahead of the […]
by Currency Hedger
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- 2 weeks ago
CAD, Technical Analysis, USD
Canadian Dollar consolidates vs USD as rising oil prices and Fed hike bets clash
The USD/CAD pair is hovering around mid-1.3800s during the Asian session on Tuesday, though the lack of follow-through selling warrants caution before positioning for an extension of the previous day’s retracement slide from an over two-week top. A further escalation of tensions between the US and Iran acts as a tailwind for crude oil prices, […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CAD, Technical Analysis, USD
Canadian Dollar strengthens despite hawkish Fed rhetoric
The USD/CAD pair edges lower to around 1.3890 during the Asian trading hours on Monday. Renewed tensions between the US and Iran boost crude oil prices, supporting the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await employment reports from the US and Canada, due on Friday. US officials said on Sunday that […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
CAD, USD
Loonie Slips Despite Strong Canadian GDP
The Canadian dollar weakened to 1.39 per USD from a three-month high of 1.376 reached on August 21st, as a more restrictive policy signal from Fed Chair Warsh supported the US dollar. Warsh said the Fed is tracking the PCE index as an inflation gauge, using firmer rhetoric than earlier suggestions that a newly created […]
by Currency Hedger
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- 3 weeks ago