The US dollar (USD) extended its rally against the Canadian dollar (CAD) for a fourth consecutive day. As of Friday's European session, the USD/CAD pair hovered around 1.3710. This upward trend comes ahead of the release of core PCE inflation data,...
Foreign exchange (forex or FX) trading has gained significant popularity among individual investors and large financial institutions alike. This decentralized global market for trading currencies offers a plethora of benefits that make it an...
The pair continues its downward trajectory, hovering around 1.0711. This marks the second consecutive day of losses for the pair, reflecting a prevailing bearish sentiment highlighted in recent technical analysis. Specifically, the four-hour chart...
The USD/CAD currency pair, currently trading around 1.3688, has been experiencing a bearish trend, indicating a period of weakness for the US dollar (USD) against the Canadian dollar (CAD). This decline suggests various economic, political, and...
The pair fell below 1.0700 on Thursday, erasing recent gains as confidence in the Euro (EUR) weakened due to political instability within the European Union (EU). This decline coincides with disappointing US Producer Price Index (PPI) figures, which...