Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
USD/CAD Continues to Allow USD to Recover Strength
[caption id="attachment_369334" align="alignnone" width="581"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: While five other major global currencies continue to post gains against USD on rally driven by Greenback’s weakness, the commodity-linked currency continues to allow USD to…
USD/CAD – Downtrend Slows on Oil Slide, Risk-Off…
The US Dollar halted its 4-day slide against the Canadian Loonie to close at 1.3408 (1.3414 yesterday), little changed, after hitting a near five-week low at 1.33511. Brent Crude and WTI Oil prices slid over…
USD/CAD is Trading with Clear Dovish Bias
[caption id="attachment_369175" align="alignnone" width="632"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is trading with clear dovish bias, but the decline is very limited as CAD lacks the strength to build rally over the latest changes…
USD/CAD – Extends Slide on Weak Greenback, Support…
The Dollar extended its slide against the Canadian Loonie following stronger than expected rise in Canada’s Headline CPI number, up at 0.8% against forecasts at 0.4%. Canada’s Loonie has also benefited from the market’s risk-on…
USD/CAD Continues to Edge Lower for the Third…
[caption id="attachment_369075" align="alignnone" width="610"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is continuing to edge lower for the third consecutive session today as USD continues to weaken sharply in the global market. Further, risk sentiment…
USD/CAD is Trading in Red Today with Price…
[caption id="attachment_368910" align="alignnone" width="610"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is trading in red today with price declining well into the lower half of 1.35 handle. While CAD remains well supported by positive crude…
USD/CAD Sees Flat Price Action around 1.3600 due…
[caption id="attachment_368886" align="alignnone" width="610"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is seeing flat price action around the 1.3600 mark and price often tests the 1.3590 mark as CAD remains firm supported by positive crude…
USD/CAD is Trading with Clear Dovish Bias Led…
[caption id="attachment_368837" align="alignnone" width="612"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is trading with clear dovish bias in a rally led by broad market USD weakness. The price has declined below 1.36 handle and remains…