CAD
CAD, Market Analysis, USD
Canadian Dollar holds ground despite lower oil prices
USD/CAD moves little after two days of gains, trading around 1.4250 during Asian hours on Friday. However, the pair may appreciate as the US Dollar (USD) could receive support from persistent inflation concerns and expectations of higher interest rates. Traders will take more cues from the US October Producer Price Index (PPI) report later on […]
by Currency Hedger
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- 1 hour ago
CAD, Market Analysis, Technical Analysis, USD
USD/CAD Price Forecast: Strengthens above 1.4250, retains positive bias above 100-day SMA
The USD/CAD pair gains momentum to around 1.4260 during the early European trading hours on Thursday. Falling crude oil prices exert some selling pressure on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Russian and Ukrainian negotiators reached an agreement on a major prisoner exchange following two days of peace talks in Abu […]
by Currency Hedger
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- 23 hours ago
CAD, EUR
Euro holds ground against Canadian Dollar amid weaker oil prices
EUR/CAD inches higher after posting minor losses in the previous day, trading around 1.5840 during European hours on Wednesday. The currency cross holds ground following the release of final German inflation data. Final German Harmonized Index of Consumer Prices (HICP) data confirmed preliminary estimates of a 0.1% monthly contraction and 2.8% year-on-year growth in October. […]
by Currency Hedger
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- 2 days ago
CAD, Market Analysis, Technical Analysis, USD
USD/CAD Price Forecast: Trades near 1.4100 after inching lower from descending channel top
USD/CAD extends its losses for the second successive day, trading around 1.4110 during European hours on Tuesday. The technical analysis of the daily chart shows that the pair price is remaining within the descending channel pattern, signalling an ongoing bearish bias. The USD/CAD pair holds a mildly bullish near-term bias as price remains above both […]
by Currency Hedger
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- 3 days ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar flatlines as traders brace for US CPI release
The USD/CAD pair trades on a flat note near 1.4120 during the early European trading hours on Tuesday. Traders might prefer to wait on the sidelines ahead of the key US inflation data, which is due later in the day. Stronger-than-expected US Nonfarm Payrolls (NFP) data released last week have reinforced expectations that the US […]
by Currency Hedger
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- 3 days ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar gains despite lower oil prices
USD/CAD loses ground after two days of gains, trading around 1.4110 during Asian hours on Monday. However, downside momentum could be restrained as the US Dollar (USD) may regain ground. This potential strength is driven by rising odds of a December Federal Reserve rate hike after strong US labor data. Investors are now closely watching […]
by Currency Hedger
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- 4 days ago
CAD, GBP, INR, Market Analysis, MXN, NOK, Technical Analysis, USD
Forex Market Forecast: Norwegian Krone Leads Currency Losses as US Dollar Index Surges – Monday Market Outlook
Foreign exchange markets recorded widespread weakness across several major currencies, while the US dollar strengthened against a broad basket of international currencies. The Norwegian krone was the weakest performer in the latest market update, declining 1.12%, followed by the Australian dollar, which fell 0.96%. The Canadian dollar lost 0.78%, while sterling declined 0.73%. The euro […]
by Currency Hedger
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- 6 days ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar weakens ahead of US, Canadian jobs data releases
The USD/CAD pair gains momentum to around 1.4050 during the early European trading hours on Friday. The US dollar (USD) edges higher against the Canadian Dollar (CAD) on safe-haven demand after the US equity sell-off. Markets might turn cautious later on Friday ahead of the employment data from the US and Canada. The Democrats win […]
by Currency Hedger
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- 7 days ago
CAD, Market Analysis, USD
Canadian Dollar remains steady as oil prices continue to recover
USD/CAD moves little after registering modest gains in the previous day, hovering around 1.4010 during Asian hours on Friday. The pair may lose ground as the commodity-linked Canadian Dollar (CAD) gains support from higher oil prices. As one of the world’s largest oil producers and a major exporter to the United States (US), Canada benefits […]
by Currency Hedger
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- 1 week ago
CAD, Market Analysis, Technical Analysis, USD
Canadian Dollar sits near September 16 highs vs USD as traders eye jobs data on Friday
The USD/CAD pair remains under some selling pressure for the second straight day and trades around mid-1.3900s during the early European session on Thursday, close to its lowest level since September 16, set the previous day. The US Dollar (USD) drops to a fresh low since late September as a Democratic sweep in the US […]
by Currency Hedger
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- 1 week ago