USDCAD Daily Analysis – June 15, 2020
USDCAD extended its upside movement from 1.3314 to as high as 1.3666.
FXC
USDCAD Daily Analysis – May 21, 2020
USDCAD formed a sideways consolidation above 1.3849 support.
USDCAD Breaking Lower Aaead Of BOC
North Korea tensions have again dominated the agenda at the start of this week and will continue to remain a major obstacle facing risk-sensitive assets in the near-term.
Gold Stuck Between A Rock And A Hard Place Ahead Of US CPI
Gold has been undermined by rising government bond yields owing to major central banks generally turning more hawkish while the still-buoyant equity markets means there has been reduced demand for the perceived safe haven asset.
Crude Oil Gushes Higher On Russia, Saudi Agreement
The price of oil has surged higher at the start of the new trading week. This has helped to lift energy stocks and also underpin commodity currencies such as the Canadian dollar (FXC, quote).
USDCAD Forecast May 12, 2017, Technical Analysis
The USDCAD pair had a very rough session on Thursday, initially surging much higher, then pulling back drastically, only to bounce again to the highs, and then pulling back to show weakness yet again.
USDCAD Forecast May 5, 2017, Technical Analysis
The US dollar continues to grind sideways against the Canadian dollar as we have seen over the last couple of days. I believe that the market breaking down in WTI Crude suggests that the market will eventually go higher.
USDCAD Forecast April 13, 2017, Technical Analysis
The USD/CAD pair fell during the session on Wednesday, crashing into the 1.3250 level.
USDCAD Forecast December 14, 2016, Technical Analysis
The USDCAD pair did very little during the day on Tuesday as we continue to hug the previous uptrend line.
It Is All About OPEC Today
For obvious reasons, all the focus is on the OPEC meeting. As we pointed out the possibility yesterday, oil prices have bounced back very strongly today on renewed hopes that oil ministers will, after all, be able to hammer out a deal later on to limit crude production.