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USD/CAD Outlook: How Long Will Canadian Dollar's Neutrality Last?
USD/CAD has been showing neutral price action in the short term. Over the last five sessions, price fluctuations have barely reached a 0.5% variation, as the pair continues hovering around a key barrier near the 1.43289 level.
USD/CAD Update: The Canadian Dollar Weakens After the BOC Decision
The USD/CAD maintains a slightly bullish bias, accumulating a gain of over 0.7% in the last five sessions, favoring the U.S. dollar.
Canadian Dollar Forecast: USD/CAD Dips on BOC, Latest Tariff Drama
USD/CAD has reversed off yesterday’s highs to trade back in the middle of its late-December through January range in the 1.4300-1.4500 zone on the BOC rate cut and latest tariff headlines.
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USD/CAD in the crossfire of US CPI and BOC, AUD/CAD wobbles ~ 91c
Implied volatility for USD/CAD is slightly elevated over the next 24-hours, due to a Bank of Canada (BOC) rate decision and CPI figures from the US. But it could have been higher were it not for Canada bowing to Trump's threats over tariffs.
Canadian Dollar Forecast: USD/CAD Faces BoC Rate Cut as Trump Tariffs Loom
USD/CAD further retrace the decline from earlier this month as the Bank of Canada (BoC) is expected to deliver another 25bp rate-cut.
GBP/USD, USD/CAD Forecast: Is This the Rebound Week?
The upcoming US CPI data and ongoing trade war developments are expected to be the key drivers of market movements this week. Chinese deflation risks further fuel concerns about a global decline in economic confidence.
USD/CAD Unfazed by BoC Rate-Cut Ahead of Fed Decision
USD/CAD seems to be unfazed by the Bank of Canada (BoC) rate cut as it consolidates ahead of the Federal Reserve interest rate decision.
Canadian Dollar Forecast: USD/CAD Climbs to Fresh Yearly High
USD/CAD trades to a fresh yearly high (1.4200) as it retraces the decline following the Bank of Canada (BoC) meeting.
USD/CAD Forecast: Canadian Dollar Vulnerable to BoC Rate Cut
The Bank of Canada (BoC) meeting may produce headwinds for the Canadian Dollar as the central bank is anticipated to deliver another rate-cut.
USD/CAD: Eyes on inflation report as reversal sets stage for further downside
USD/CAD signals a potential reversal as the Canadian dollar gains ahead of today’s inflation report. While markets expect a slight pickup in inflation, any surprise could impact the pace of future rate cuts by the Bank of Canada. Traders are watching key support levels for signs of a continued downturn.
USD/CAD Defends Post-BoC Reaction to Eye August High
USD/CAD attempts to extend the advance following the Bank of Canada (BoC) rate cut as it trades to a fresh monthly high (1.3869).
Bank of Canada (BoC) Rate Decision Preview (OCT 2024)
The BoC is expected to boost its efforts in normalizing monetary policy, with the central bank anticipated to reduce the benchmark interest rate by 50bp in September to 3.75% from 4.25%.
USD/CAD forecast: Investors eye BOC and ISM PMI ahead of NFP
Today, we will have the ADP private payrolls data and the latest ISM services PMI, and the Bank of Canada's rate decision, all coming ahead of the official US jobs report on Friday. These macroeconomic events could set the dollar’s trend for the coming days , putting the USD/CAD forecast under the spotlight.
S&P 500 rally threatened as geopolitics enters the ring: The Week Ahead
Tensions surrounding the Middle East has unsettled markets. US indices such as the S&P 500 are on track for their worst week of the year, crude oil reached a fresh YTD high and the risk-off sentiment was even enough to knock gold from its record. Traders therefore need to be on guard for headline risks surrounding the Middle East next week, alongside the usual bouts of economic data and central bank meetings.
EUR/USD in the hands of ECB, Powell Testimony, ISM services: The Week Ahead
EUR/USD is on track for its smallest weekly range since September 2021, although 1-week implied volatility levels that we could see more action next week.
A complete guide to the Bank of Canada and interest rates
As with any central bank, when the Bank of Canada (BOC) changes interest rates, it can have a knock-on effect to stocks, indices and currencies. Find out everything you need to know about the BOC and how it’s decisions impact financial markets.
USD/CAD hits resistance ahead of BOC, US PMIs: European open – 06/09/2023
The Bank of Canada (BOC) are expected to hold rates at today’s meeting, given GDP unexpectedly contracted in Q2. Still, implied volatility has spiked higher for USD/CAD. Perhaps the BOC pause will not be as dovish as expected, Fed members tout a hold or the rise of bond yields (and therefore the US dollar) lose steam. If so, USD/CAD may be better for short bets beneath the April highs.
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USD/CAD outlook: Currency pair of the week
The USD/CAD outlook is subject to a major revision this week with investors looking forward to the release of US CPI and a rate decision from the Bank of Canada.
AUD/USD, AUD/CAD Analysis: Hawkish BOC hike concerns doves
The Bank of Canada’s (BOC) hawkish hike weighed on sentiment as it rekindled some concerns that central banks are not as close to their terminal rates as originally thought.
Canadian dollar analysis: BOC surprises with a hike, USD/CAD falls to trendline support
USD/CAD is falling to test a key trend line after the BOC surprised markets with a 25bps interest rate increase
Canadian dollar analysis: USD/CAD chops at 1.35, BOC pause to end?
With USD/CAD trading near the middle of this week’s range around 1.3500, short-term traders could consider quick trades within the symmetrical triangle pattern...
Canadian dollar analysis: USD/CAD probing key support near 1.33
USD/CAD is probing its lowest level in months in the mid-1.3300s - will it break down?
Bank of Canada preview: At interest rates peak?
After a combined 425 basis points worth of hikes, the BOC has already signaled it would pause tightening to let the economy digest impact of previous hikes.