West Texas Intermediate (WTI) crude had a tough week with prices near the key support level of $67.50. This price point has been significant for several years, suggesting that value buyers may step in as the market nears this key area. But the...
Technical Analysis of USD/CAD The Canadian dollar declined last trading week, reaching new local lows. The price fluctuated from 1.3616 throughout the week without any significant pullback and has now broken above 1.3793. Thus, the expected uptrend...
The spot prices remained constrained at $2,720 as the US Dollar (USD) and bond yields saw an uptick during Friday’s North American session. Investors are seeking clearer signals regarding the likelihood of a U.S. recession, while also awaiting more...
Softening US market data suggests that the Federal Reserve (Fed) may take a less aggressive approach to future rate hikes, which could weaken the US Dollar (USD). According to the CME FedWatch Tool, the odds of a 25 basis point (bps) rate cut at the...
Fundamental Look In Friday's North American session, the USD/CAD pair gains momentum and breaks above the immediate resistance level of 1.3800. The Canadian Dollar (CAD) is declining on speculation that the Bank of Canada (BoC) may announce a...