Canadian Dollar (CAD)

UK 100 index probes resistance The  UK 100 index (FTSE 100) recoups some losses, and the index so far has found support at 8240 as price action creates a bullish channel, offering buyers some relief. Still, they are not out of the woods…
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Canada has really set itself apart from its southern neighbor in terms of its economy lately. While the FOMC Fed meeting is only just getting around to cutting rates, Canada's slow economic growth has left prices rising at a much slower…
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USOIL Oil in Free Fall WTI Oil prices plummeted further, with WTI breaking below a multi-month low. A limited bounce off 68.00 saw some consolidation. A subsequent drop below 66.00 invalidated the double bottom, forcing early buyers to…
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GBPUSD probes for support Cable moved higher as April’s unemployment rate fell more than expected. A break above 1.2800 has further put the bears on the defensive. On the chart, the pound is still in a downtrend, meaning that the…
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USDCAD pressured by bearish divergence The greenback continued to struggle as global recession fears linger. Sentiment remains cautious after the pair fell lower and now sees the immediate resistance 1.3700 as a critical price cap. With…
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FTSE 100 index (UK 100) global indices collapse Global equities saw a continued sell-off as tech stocks crashed. The FTSE 100 index fell back after the sell-off saw a break at the 8300 level. Combining short-covering and buying the dips…
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USDCAD jumps as The Bank of Canada cuts again The Bank of Canada lowered its interest rate again by 25 basis points in hopes of continuing its balance sheet normalisation policy. This has led to a significant drop in the Canadian dollar,…
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BOC Rate Decision: Cuts Keep Coming The year-long trend of the CAD weakening against the greenback is expected to continue with the BOC's rate decision today. Canada's inflation has been cooling off faster than its southern neighbor's as…
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Dow index (US 30) falls from grace Dow index eased its downward trajectory after the recent sell-off. After a brief dip, a hold above the psychological level 40000 has helped bulls regain control of the short-term direction. The record…
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XAUUSD continues higher Gold continues to grind higher to push for another record high after falling short at 2480. The gold price today remains bullish after hitting another record due to the Fed hinting at rate cuts sooner rather than…
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