Canadian Dollar (CAD)

USDCAD collapses lower The greenback(USD) slipped further into the red as the market sell-off continued. Overall sentiment remains downbeat as whispers of a recession in America could become a reality. A break below 1.4000 will catch…
Read More

DAX(GER40) hits another low The DAX(GER40) topped another downward turn as the index ran into negative territory following potential tariffs from the US. With a bearish divergence underway, prices saw a slight dip away from 22500.…
Read More

UK 100(FTSE) struggles for direction The UK 100(FTSE) edges higher as traders look at a complete reversal from this month's sell-off. The index looks to continue the recent trend as prices search for 8800. A correction could be taking…
Read More

EURUSD hits resistance The dollar (USD) pulled back from the recent rally as prices hit resistance. On the chart, a bounce away from the 1.0900 level suggests that a correction is due after a long bullish rally. The pair has moved over…
Read More

The central bank of Canada is sitting down to a very difficult decision about what to do with rates. The markets seem pretty convinced that they will go for a quarter point cut, like the last sic times. If that were the case, then the…
Read More

Crude oil (WTI)under pressure Crude oil (WTI)fell lower AS OPEC announced a tentative agreement to begin increasing production. A bounce away from the 70.00 zone indicated that sentiment remains subdued. With prices hitting lower lows,…
Read More

The FTSE(UK100) bearish reversal underway The FTSE(UK100) treads water ahead of major central bank decisions. The RSI’s double bottom in the oversold zone is a sign of overextension and could create a bullish divergence, which could move…
Read More

USOIL(Crude) continues downtrend USOIL(Crude) adds to its bearish attitude as the black gold hits a fresh low. The price action is grinding the end-of-year lows towards 70.00 as the breach could trigger an extended rally in the medium…
Read More

The Kiwi(NZD) drives higher The Kiwi(NZD) was in consolidation mode after a break above 0.5600, which confirmed a bullish rally. The previous sell-off revealed a lack of momentum as the price gapped and fell lower towards 0.5500. Now…
Read More

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…
Read More