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USD/CAD Outlook: Bullish As BoC-Fed Divergence Widens
Article By:
Yohay Elam
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Thursday, April 11, 2024 7:14 AM EDT
Headline US inflation rose 0.4% monthly and 3.5% on an annual basis. Investors now expect the first Fed cut in September. Governor Tiff Macklem said that the BoC will likely cut rates in June.
USD/CAD Consolidates Its Gains Above 1.3650, Focus On US PPI Data
Article By:
Lallalit Srijandorn
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Thursday, April 11, 2024 1:00 AM EDT
The USD/CAD pair consolidates its gains above 1.3650 during the Asian trading hours on Thursday. The uptick of the pair is backed by US inflation that came in stronger than expected in March, which boosted the Greenback to a yearly high of 105.30.
Suppose We Never Get Back To 2% Inflation Rate
Article By:
Norman Mogil
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Wednesday, April 10, 2024 5:14 PM EDT
Economic growth is far from solid and any further hike in rates will mostly kill growth without any assurance that inflation will tumble.
Canadian Dollar Hit New Lows After Strong US Inflation Data
US CPI, New Security Initiatives With Tokyo And Manila, Bank Of Canada Meeting
Article By:
Marc Chandler
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Wednesday, April 10, 2024 7:11 AM EDT
The dollar has been confined to narrow ranges ahead of the US CPI report. Given the backup of US rates and the stronger-than-expected jobs growth, the greenback's performance has been unimpressive.
Dollar Consolidates Softer Ahead Of Tomorrow's CPI
Article By:
Marc Chandler
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Tuesday, April 9, 2024 9:17 AM EDT
The dollar is trading with a softer bias in mostly narrow ranges against the G10 currencies. It did not rally much ahead of the US jobs data, and it was not able to sustain the upside momentum afterwards, despite the jump in US yields.
Canada And Australia: Two Economies With Similar Challenges
Article By:
Danielle Park, CFA
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Monday, April 8, 2024 2:48 PM EDT
Canadian GDP per capita declined for the 6th consecutive quarter in the final quarter of 2023; this means there are less resources per person–the standard of living is in decline.
USD/CAD Price Analysis: Retreats To 1.3600 As US Dollar Stays On Sidelines Ahead Of US Inflation
USD/CAD Forecast: CAD Retreats, USD Advances On Jobs Data
Article By:
Yohay Elam
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Monday, April 8, 2024 6:57 AM EDT
Data revealed that Canada’s economy unexpectedly shed 2,200 jobs in March. The US added an impressive 303K jobs in March.
Fundamentals support further upside for the USD/CAD pair.
USD/CAD Forex Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Monday, April 8, 2024 6:15 AM EDT
The USD/CAD Elliott Wave Analysis for the day chart provides traders with a comprehensive view of the potential price movements of the US Dollar against the Canadian Dollar, employing Elliott Wave principles for technical analysis.
Pairs In Focus - Gold, Silver, EUR/GBP, DAX, SP 500, NASDAQ 100, CAC, EUR/JPY
Article By:
Christopher Lewis
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Sunday, April 7, 2024 4:07 AM EDT
Weekly Major Markets Forecast: Gold heads for $2500, Silver squeezes shorts. EUR/GBP eyes 0.86 breakout. DAX, S&P 500, and CAC show recovery signs; NASDAQ eyes 18,500. EUR/JPY bullish, targeting ¥165.