Canadian Dollar (CAD)

GBPUSD tests critical support The pound drifted lower after Britain’s retail sales figures fell in July. The pair has given up all its gains from late July and is testing the critical support at 1.3600 from the daily chart. A…
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EURUSD breaks critical support The US dollar rose after the Fed minutes suggested tapering later this year. The euro’s previous rebound had met stiff selling pressure at 1.1800. The slide below 1.1710 (a critical support from last…
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US 30 hits all-time high on stimulus The Dow Jones sets a new record supported by an unwavering stimulus. The passage of the trillion-dollar infrastructure bill in the US Senate is a clear message to the market that liquidity will…
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Over the last month or so, the USDCAD has reversed an over-year-long trend to the downside. This change was mainly because of a weaker CAD, as a series of disappointing economic data points impacted investor sentiment. Despite the…
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There is an increasing consensus that we will get some action out of the BOC following their interest rate decision tomorrow. Of course, it's too soon to expect a change in the interest rate. So, there is a unanimous agreement that rates…
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For over a year now, the CAD has been gaining against its southern neighbor. Part of that has been because the USD got weaker as safe-haven flows diminished. But it seems that the CAD reached its best performance back in mid-March.…
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After the start of the year adjustment in the markets, risk sentiment has taken a bit of a hit lately. Stock markets are underperforming, and the dollar is getting stronger. Generally, this is attributed to worries about potential delays…
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AUDCAD holds in a continuous ascending channel since the back end of 2020, hitting yearly highs in the process. After the last downward move to the lower channel in December, prices have propelled and broken out of the upper channel.…
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Like Germany, we expect French final Q2 GDP numbers to reaffirm the preliminary ones. And they'll probably have a minimal impact on the market. But, also like Germany, there is an increased chance this time around that we will have a…
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The 2-month CADJPY high witnessed on the Aug 14 has seen a pullback towards the 80 area. The momentum indicator had previously witnessed a hidden bullish diversion. We now look to the 38.2% of the Fibonacci retracement for further signals.…
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