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USDCAD is plunging towards the long-term uptrend line that may act as a turning point for traders. The 20- and the 50-day simple moving averages (SMAs) are ready to post a bearish crossover,...
Dollar slides as traders seem reluctant to buy ahead of CPI figuresWall Street mixed ahead of today’s data, bank earnings on FridayGold climbs back above $2,000 on the back of a weak dollarBank...
Three Fed members will deliver public statements on a very light data calendar today On Wednesday, the Bank of Canada is expected to pause, and US inflation is projected to fall to 5.2% USD/CAD is...
Next week starts on a quiet note as Monday is Easter Monday for most economies on our radar. That said, the calendar becomes heavier as the days pass by, with the spotlight probably falling on the US...
The Canadian dollar is looking sharp, with gains of 1.5% this week against the greenback. The week wraps up with Canadian GDP while the US releases the Core PCE Price Index. In the European session,...
USD/CAD is forming a potential descending triangle pattern into 1.3650 support. A break lower could expose support at 1.3560 or 1.3500 next. Canadian retail sales and US PMIs on Friday will play a big...
Canadian consumer prices rose 0.4% in February, with annual inflation slowing to 5.2% from 5.9%. Both figures were below expectations of 0.5% and 5.4%, respectively, reflecting a faster return to...
USDCAD has been in a steady uptrend after bouncing off its 2023 low of 1.3262 in late January. However, the pair experienced a pullback and has been trading sideways since the 1.3850 ceiling capped...
USD/CAD has been rallying this week, gaining 1.7% since Tuesday and testing the five-month high of 1.3850. The pair looks vulnerable to both a short-term correction and the potential for a longer-term...
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