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Canadian Dollar Forecast: Weakening US Labor Market To Weigh On USD/CAD
Key Events In Developed Markets Next Week - Saturday, Sept. 4
Article By:
ING Economics
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Saturday, September 4, 2021 11:38 AM EDT
Small rises in COVID cases are hampering GDP growth across developed market economies.
Canada’s Pandemic Recession Is Far From Over
Article By:
Arthur Donner
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.