Browsing Tag

Canada Economy

Tariffs and Forex: The Impact of Tariffs on Forex

Daniel John Grady Feb 3, 2025 536 0

Tariffs and Forex: Are they connected? Yes! Tariffs are intimately connected with forex, because the original purpose of foreign exchange is to pay and get paid for products in a different currency. Tariffs directly affect the price that is…
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Fundamental Analysis

Impact on CAD (Canadian dollar) of Trudeau Resignation

Daniel John Grady Jan 7, 2025 59 0

The announcement of resignation from Canada's Prime Minister Justin Trudeau on Monday opens up some important questions for where the CAD (Canadian dollar) will be going over the next couple of months. The immediate reaction was for it to…
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Fundamental Analysis

Canada Employment: Foreshadowing for Central Banks?

Daniel John Grady May 9, 2024 61 0

Canada Employment: Foreshadowing for Central Banks? Tomorrow Canada will report its monthly labor statistics. Normally this data gets overshadowed by the release of US NFP at the same time. But this time Canada is reporting one week after…
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Fundamental Analysis

US and Global Trade Balances: More Upside for Dollar?

Daniel John Grady Feb 7, 2024 58 0

As the global economy loses dynamism, the lack of growth isn't evenly distributed. That means some currencies stand to gain, while others lag. The recent global trade balance figures suggest an emerging pattern of where money is flowing,…
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Fundamental Analysis

What Forex Traders Need To Look Out For This Earnings Season

Daniel John Grady Jul 14, 2023 83 0

Corporate earnings season primarily affects the stock market. But how well businesses are doing is a basic component of the economy. And many of the companies reporting are so big that they can provide directionality for broader markets. If…
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Fundamental Analysis

Canada Jobs Numbers: Will the BOC Restart the Pause?

Daniel John Grady Jul 5, 2023 564 0

The jobs numbers from Canada are typically overshadowed by the NFP data for the US that comes out at the same time. But, given the context of what's been happening in Canada lately, the employment figures could shake up expectations for the…
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Fundamental Analysis

The Loonie Could Bring More Surprises

Daniel John Grady Jun 23, 2023 1,106 0

Earlier this week, the Canadian dollar hit a 9-month high, as the USDCAD continued to drift lower. This is remarkable additionally because in the same period, the greenback has also been getting stronger. The Loonie has had its own special…
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Fundamental Analysis

Canada March Jobs Figures

Daniel John Grady Apr 5, 2023 87 0

There are two key fundamental aspects that are pushing the USDCAD in opposite directions. Which one is stronger and which will win out will depend on the evolution of both economic data and political events. Therefore, we could see some…
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Technical Analysis

USDCAD Cycle Triple Zigzag To End Near 1.372

Roman Onegin Sep 23, 2022 551 0

The current USDCAD timeframe shows the internal structure of a large correction pattern. This most likely takes the form of a cycle triple zigzag w-x-y-x-z. The final wave z takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ, where the…
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Fundamental Analysis

Canadian Inflation Data: The Case for BOC to Back Off?

Daniel John Grady Sep 19, 2022 1,879 0

The BOC has taken an even more aggressive rate hike route than the Fed, giving the CAD the fastest rising rate of the majors. This didn't stop the meteoric rise in inflation that most developed countries have been seeing this year, although…
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