USD/CAD Nears Two-Week High, Oil Price Surge May Limit Gains Before US Data
USD/CAD Nears Two-Week High, Oil Price Surge May Limit Gains Before US Data The USD/CAD currency pair has been on a rising trend for the fourth consecutive day, reaching a near two-week peak around the 1.3545 mark during the Asian trading session on Wednesday. This upward movement is largely driven by an increased demand for […]
USD/CAD Falters Below 1.3400, Stays Under Recent Multi-Week Peak
USD/CAD Falters Below 1.3400, Stays Under Recent Multi-Week Peak The USD/CAD currency pair experienced a slight uptick, nearing the 1.3400 level as the European session commenced on Wednesday. Despite this increase, the pair remained just shy of the multi-week peak it had achieved on the preceding day, Tuesday. The strength of the US Dollar is […]
USD/CAD Drops Below 1.3400 Amid Weak Dollar and Rising Oil Prices, Awaiting US PMI Data
USD/CAD Drops Below 1.3400 Amid Weak Dollar and Rising Oil Prices, Awaiting US PMI Data In recent sessions, the USD/CAD currency pair has continued its downward trajectory for the third consecutive day. The pair was seen hovering around the 1.3390 mark during Friday’s Asian trading hours. The depreciation of the pair is largely due to […]
USD/CAD Drops to Near 1.3580 as US Dollar Pulls Back from Recent Highs
USD/CAD Drops to Near 1.3580 as US Dollar Pulls Back from Recent Highs Traders as they provide insights into the health of the North American economies and could significantly influence the direction of the USD/CAD pair in the near term. With the global econoThe USD/CAD currency pair has shown a reversal from its recent climb […]
USD/CAD Stalls Above 1.3700; Focus on FOMC Minutes, Canadian CPI
USD/CAD Stalls Above 1.3700; Focus on FOMC Minutes, Canadian CPI The USD/CAD currency pair has shown a retreat for the second day running during the Asian trading session on Monday. This downtrend is primarily attributed to a softer US Dollar and a dip in the US Treasury bond yields, signaling a potential shift in market […]
USD/CAD Holds Above 1.3800 Amid Falling Oil Prices
USD/CAD Holds Above 1.3800 Amid Falling Oil Prices The USD/CAD currency pair has shown resilience, maintaining its strong stance above the 1.3800 level as crude oil prices experience a downturn. The pairing saw a rebound from the losses it suffered last Friday, climbing to a value around 1.3810 in the Monday Asian trading session. This […]
The Canadian Dollar’s Struggle Against the USD: A Closer Look as it Nears 1.3650
The Canadian Dollar’s Struggle Against the USD: A Closer Look as it Nears 1.3650 The USD/CAD currency pair is on a path to extend its downward movement for the fourth consecutive day, hovering close to the 1.3650 mark in the early trading hours in Asia on Monday. This trajectory is largely influenced by market speculations […]
USD/CAD Retreats from Weekly High, Stays Below 1.3700
USD/CAD Retreats from Weekly High, Stays Below 1.3700 The USD/CAD pair is experiencing a decline in the Asian trading session on Friday, retreating from the weekly high it reached at 1.3700. As of the moment, the pair is trading within the range of 1.3680 to 1.3675. Several factors are contributing to this downward movement, although […]
USD/CAD Falters Near 1.3730; Eyes on US, Canada Jobs Data
USD/CAD Falters Near 1.3730; Eyes on US, Canada Jobs Data The USD/CAD pair is experiencing a slight dip in the vicinity of 1.3730 as market participants eagerly anticipate labor market data from the US and Canada. The US Dollar (USD) has been on a losing streak, which has led to the CAD’s current position. In […]
USD/CAD Steady Above 1.3500s, Eyes on US CPI Report
USD/CAD Steady Above 1.3500s, Eyes on US CPI Report In the early hours of Wednesday’s Asian trading session, the USD/CAD currency pair found itself in a stable position, hovering just above the mid-1.3500s range. This marks a phase of consolidation for the pair, following its recent descent to a one-and-a-half-week low that was recorded just […]
USD/CAD Hovers at 1.3510 Despite Oil Strength, Awaits US NFP and Canada GDP Data
USD/CAD Hovers at 1.3510 Despite Oil Strength, Awaits US NFP and Canada GDP Data The USD/CAD pair remains in a defensive stance around 1.3510, rebounding from its two-week low as it enters the European session on Friday. This resilience comes even as the pair fails to respond positively to the surging prices of Canada’s primary […]
USD/CAD settles at 1.3350, a one-month high, as the Oil price and US Dollar weaken
USD/CAD settles at 1.3350, a one-month high, as the Oil price and US Dollar weaken The USD/CAD currency pair has stabilized around the 1.3350 mark, a significant one-month high, in a volatile market landscape where key US economic data is keenly anticipated. This relative steadiness is due to a mix of contributing factors, including the […]
USD/CAD holds above the 1.3200 mark with limited upside potential
USD/CAD holds above the 1.3200 mark with limited upside potential During Tuesday’s Asian session, the USD/CAD pair exhibited a modest rebound, managing to recover most of the losses experienced in the previous trading session. Presently, the pair is hovering around the 1.3220 mark, reflecting a modest 0.25% increase for the day. This recent price action […]
USD/CAD Hits New 3-Week High Above 1.3370 as Investors Eye Canada/US Job Data
USD/CAD Hits New 3-Week High Above 1.3370 as Investors Eye Canada/US Job Data The USD/CAD pair has recently reached a new three-week high, hitting 1.3375 during the London trading session. This rally of the Loonie asset comes in spite of the prevailing weakness in the US Dollar Index (DXY), rising oil prices, and the anticipated […]
USD/CAD Sees Modest Gains Near 1.3230-35, Awaits FOMC Minutes
USD/CAD Sees Modest Gains Near 1.3230-35, Awaits FOMC Minutes The USD/CAD pair has been a focal point for investors during Wednesday’s Asian session. This currency pair saw an uptick in buying, allowing it to recover from its weekly low of approximately 1.3200 achieved on Tuesday. At present, spot prices are hovering around the 1.3230-1.3235 range, […]
With recovering oil prices and a struggling US Dollar, USD/CAD is declining towards 1.3200 before Canada’s PMI
With recovering oil prices and a struggling US Dollar, USD/CAD is declining towards 1.3200 before Canada’s PMI Amid the recovery in oil prices and ongoing struggles of the US Dollar, the USD/CAD pair is experiencing a downward trend, moving towards the 1.3200 mark ahead of the release of Canada’s PMI. The USD/CAD has slid to […]
US Dollar holds steady to start week, eyes on central bank speak
US Dollar holds steady to start week, eyes on central bank speak The US Dollar (USD) holds steady early Monday after having suffered large losses against its major rivals last week. Stock and bond markets in the US will be closed in observance of the Juneteenth holiday. The European economic docket will not be featuring […]
Best 5 Most Traded Currency Pairs in 2023
Best 5 Most Traded Currency Pairs in 2023 Forex is the largest financial market in the world, with $6.6 trillion traded each trading day. The Forex market is open 24-hours a day, five days a week. There is plenty of opportunity for trading Forex. There is a lot to learn when you start trading Forex, […]