Tag: USDCAD
Oil Drops Hit the Loonie, Ahead of BOC Interest Rates!
The USDCAD exchange rate strengthened after a relatively hawkish Fed, which is likely to push interest rates above 5% in 2023, following a series...
USDCAD: Rounding Top Formed, End of Rally?
The BoC overnight only raised interest rates by 50bp to 3.75%, below market expectations of 75bp. Bank rate and deposit rate were 4.00% and...
USDCAD is bouncing from 1.2800 support with bullish divergence
USDCAD, H4
The Canadian Dollar is the currency that is performing well so far this week. With a gain of over 0.7% against the USD....
EU Sanctions and Energy Currency Gains
Crude oil prices rose to two-month highs earlier in the week as the European Union awaited a possible agreement to boycott oil from Russia,...
Economic data weakens the USD
The economic data from the United States were released at the beginning of the session giving weakness to the US Dollar.
Q1 GDP fell to...
USDCAD: 1.3000 key level will determine direction
Headlines in regards to how high inflation and rising interest rates will slow growth, and Canada's GDP report last week reinforced the view that...
