Content
All Posts > Content under Canada
Canada’s Pandemic Recession Is Far From Over
Article By:
Arthur Donner
Read
Friday, September 3, 2021 11:05 AM EDT
Canada’s economic recovery was a bit stronger than the American, though in real terms, Canada’s recovery lagged the American.
USD/CAD Analysis: Breaks 1.25 After US NFP, Awaiting ISM Data
Article By:
Yohay Elam
Read
Friday, September 3, 2021 9:48 AM EDT
The USD/CAD pair analysis shows a bearish bias as the key 1.2500 level has been broken. Meanwhile, the US NFP figures missed expectations by a huge difference.
Much Ado, But Barring Significant Downside Surprise, August Jobs Report Will Not Stand In The Way Of Fed Tapering
Article By:
Marc Chandler
Read
Friday, September 3, 2021 7:15 AM EDT
The US dollar was sold ahead of today's employment report, falling to around three-four week lows against most major currencies. Follow-through dollar selling today has been minimal, and the Antiopdeans continue to lead the move.
Australia Reports A Record Trade Surplus Despite China's Boycott
Article By:
Marc Chandler
Read
Thursday, September 2, 2021 7:30 AM EDT
The markets are mostly in a holding pattern so far today, ahead of tomorrow's US jobs data and the PMI services and final composite readings. Equities on balance are firmer, and the dollar is softer.
USD/CAD Analysis: Wobbling Around 1.26 After ADP, Looking NFP Ahead
Article By:
Yohay Elam
Read
Wednesday, September 1, 2021 12:10 PM EDT
The USD/CAD analysis looks bearish, as the price remains rangebound around 1.2600. The US dollar halts recovery after dismal US ADP figures.
USD/CAD Reverses Ahead Of 200-Day SMA As Canada GDP Contracts
Article By:
David Song
Read
Tuesday, August 31, 2021 4:25 PM EDT
The IG Client Sentiment Report shows 74.00% of traders are net-long USD/CAD following the pullback from the monthly high (1.2949), with the ratio of traders long to short standing at 2.85 to 1.
Canada’s Economy Contracts In Q2
Article By:
Danielle Park, CFA
Read
Tuesday, August 31, 2021 4:00 PM EDT
Canada’s economy unexpectedly shrank 0.3% in the second quarter for an annualized contraction of 1.1% versus the consensus forecast of a 2.5% gain.
In this article: EWC
The Canadian Economy Stumbles Out Of The Gate
Article By:
Norman Mogil
Read
Tuesday, August 31, 2021 1:14 PM EDT
Today's release of the Canadian GDP numbers for the second quarter demonstrated that we are clearly not in a recovery mode, despite all the predictions of the bank economists.
In this article: EWC
USD/CAD Outlook Turns Neutral As Price Gains 1.26 After Poor CAD GDP
Article By:
Yohay Elam
Read
Tuesday, August 31, 2021 10:09 AM EDT
The USD/CAD outlook is neutral to bearish around 1.2600 as the pair found some traction after missing Canadian GDP data.
Two Major Surprises Today: China's PMI On The Downside And Eurozone CPI On The Upside
Article By:
Marc Chandler
Read
Tuesday, August 31, 2021 7:22 AM EDT
The dollar has been sold against nearly all the currencies today. Among the majors, the Antipodeans and Swedish krona lead the move. The euro rose briefly through $1.1830 in the European morning, its best level in a little more than three weeks.
USD/CAD Analysis: Price Breaks 1.26 As USD Weakens, Oil Recovers
Article By:
Yohay Elam
Read
Monday, August 30, 2021 10:54 AM EDT
The USD/CAD price analysis suggests some weakness as the US dollar sell-off continues on Monday, thanks to Powell’s speech at Jackson Hole.
USD/CAD Weekly Forecast: Confluence At 1.26 To Catch Bids Before NFP
Article By:
Yohay Elam
Read
Sunday, August 29, 2021 3:41 PM EDT
The weekly forecast for the USD/CAD pair is bearish as the US dollar is on the backfoot after Powell’s speech. The pair may find directional bias on Friday at the release of the US NFP report.