The Spot price, often referred to as the "Loonie," experienced a mixed day on Thursday. While initially showing weakness, the CAD gained ground against the US Dollar (USD) after the Federal Reserve (Fed) unexpectedly cut interest rates by 50 basis...
USD / CAD: Trading Recommendation The bulls of USDCAD are still in action, showing a steady effort to maintain control over the market. Yet, momentum remains sluggish as consistent holidays impact trading activity. Reduced market participation has...
The future direction of the price will be heavily influenced by upcoming economic data. The recent pause in the Dollar's rally underscores the importance of key indicators such as inflation, employment, and GDP growth. Strong data could reignite...
The currency pair is currently trading within a defined range, struggling to gain significant upward traction. While there have been some signs of stabilization after a recent dip, the pair continues to encounter strong resistance levels. This...
The pair is navigating a complex landscape shaped by a confluence of factors. While higher oil prices, an export, should generally provide support for the Dollar, the overall strength of the Dollar is currently exerting significant upward pressure...
