Canada

The Canadian Dollar remains a focal point in tariff talks, and USD/CAD has a bull pennant formation while CAD/JPY has shown recovery potential and EUR/CAD a pullback following a strong breakout.

USD/CAD has seen price action tighten over the past six weeks, even as the tariff topic has kept volatility flowing through several headlines.

Canada remains at the center of President Trump’s focus and despite a strong sell-off in DXY, USD/CAD has held up well, building a bull pennant over the past couple of months.

USD/CAD was rejected at 1.4500 this week and now that there’s another potential delay in U.S. and Canada tariffs, USD/CAD is primed for larger pullback potential.

GBPUSD, USDCAD Outlook: Following this year's steep market drop against the US Dollar, a reversal may be developing as the Dollar loses momentum. However, key geopolitical risks from Trump policies cloud a clear confirmation.

USD/CAD broke support as the U.S. Dollar broke down this week even after strong inflation prints out of the U.S., suggesting that Trump tariffs are losing their drive for USD-strength.

USD/CAD saw pandemonium on the open as the pair pushed a fresh 20-plus year high before scaling back. Tariffs have been delayed but not eliminated, and the focus now shifts to employment reports out of both the U.S. and Canada set for release tomorrow.

USD/CAD has declined more than 3% over the past three sessions, with movements favoring the Canadian dollar.

The pullback from April's high has seen USD/CAD find support around 1.36 but, with CAD traders remaining heavily net short, USD/CAD needs to rally to justify their bearish exposure.

With the odds of a Fed cut arriving this year now in jeopardy, it is now over to the BOE, ECB or BOC to take the title as ‘first to begin easing’. And that brings Canadian CPI data into focus today for CAD traders.

With traders keen to see who will be the first among the BOE, BOC or RBNZ to cut rates, their attention will be surely on next week's inflation reports for their respective regions.

USD/CAD continues to hold a range inside of a range, but CAD/JPY is bristling at resistance after having set a fresh 16-year high last week.

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.

The bullish move in USD/CAD has been pronounced after the pair bottomed in July, but now the question of topping starts to come in as a major resistance level has come back into the picture.

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.

USD/CAD has been one of the stronger major pairs during the recent theme of US Dollar strength and after setting another fresh two-month-high this morning, the pair appears to be setting the stage for a pullback. Bulls have fiercely defended 1.3500 since the break – can they continue to hold the big figure?

The US Dollar has been in a strong bullish move over the past month but that’s been expressed well in USD/CAD, where USD strength has been matched with CAD weakness. USD/CAD tested a fresh two-month-high this morning while testing above a key psychological level at 1.3500. Can bulls hold the trend with higher low support at prior resistance?