[Tree] USD/CAD forecast, resistance, support, Canadian economy, US economy, crude oil, central bank differential, Forex trading
Version 0.47 (2024-07-03 09:58:22.420000)
updates: Limited upside for USD/CAD pair due to lack of momentum
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Version 0.46 (2024-06-19 19:54:55.781000)
updates: USD/CAD forecast, resistance, support, Canadian economy, US economy, crude oil, central bank differential
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Version 0.45 (2024-06-14 18:56:04.082000)
updates: Canadian Dollar struggles, manufacturing and wholesale figures, US Consumer Sentiment survey
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Version 0.44 (2024-06-14 02:53:53.475000)
updates: The story has been updated with additional details on the Bank of Canada's potential rate cuts and the impact of the Canadian dollar's weakening on market dynamics.
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Version 0.43 (2024-06-13 21:53:55.078000)
updates: The Canadian dollar weakened against the U.S. dollar as the greenback gained against major currencies. The Bank of Canada reiterated its potential for further interest rate cuts. The U.S. dollar rose after the Federal Reserve pushed out the start of interest rate cuts to possibly December. The Bank of Canada became the first G7 central bank to cut interest rates. Money markets see a 55% chance of a rate cut at the BoC's next policy decision on July 24.
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Version 0.42 (2024-06-13 20:53:11.273000)
updates: The article provides additional details on the Bank of Canada's potential for further rate cuts and the impact of the Canadian dollar's weakening on market dynamics.
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Version 0.41 (2024-06-13 19:56:46.125000)
updates: The Federal Reserve's decision to delay potential rate cuts
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Version 0.4 (2024-06-13 19:53:32.350000)
updates: Updates on the weakening of the Canadian dollar and the possibility of further rate cuts by the Bank of Canada
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Version 0.39 (2024-06-12 14:57:32.060000)
updates: Inclusion of information about US inflation easing and its implications for the Canadian dollar
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Version 0.38 (2024-04-19 16:21:43.593000)
updates: Updates on the Canadian dollar's recovery amid easing risk aversion
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Version 0.37 (2024-04-15 16:19:53.517000)
updates: The Canadian dollar weakened due to strong US retail sales
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Version 0.36 (2024-04-02 16:21:03.864000)
updates: Integration of new information about the Canadian dollar rebounding on oil price spike
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Version 0.35 (2024-04-01 16:22:27.239000)
updates: Canadian dollar rallies on better-than-expected GDP data
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Version 0.34 (2024-03-29 01:23:32.623000)
updates: Updates on Canadian GDP growth in January and February
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Version 0.33 (2024-03-28 18:18:57.677000)
updates: Canadian dollar strengthens on strong GDP data
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Version 0.32 (2024-03-28 17:19:53.630000)
updates: The Canadian dollar strengthens on strong GDP data
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Version 0.31 (2024-03-27 21:20:23.377000)
updates: Updates on Canadian dollar's performance, retail sales data, and upcoming GDP data release
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Version 0.3 (2024-03-22 19:20:09.195000)
updates: Added information about the Canadian dollar's weekly decline and economic slowdown
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Version 0.29 (2024-03-18 19:22:22.034000)
updates: Includes information about the quiet Monday and the upcoming central bank week
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Version 0.28 (2024-03-15 17:21:57.530000)
updates: Includes information on US Retail Sales, Consumer Sentiment Index, Housing Starts, Wholesale Sales, and Industrial Production
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Version 0.27 (2024-03-14 17:22:30.324000)
updates: Includes information about US Retail Sales and Canadian Manufacturing Sales
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Version 0.26 (2024-03-12 17:28:25.530000)
updates: Mixed performance of Canadian Dollar against Greenback post-CPI inflation print
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Version 0.25 (2024-03-08 23:18:58.190000)
updates: Canadian dollar weakens against USD on mixed US nonfarm payrolls data
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Version 0.24 (2024-03-07 21:23:49.557000)
updates: CAD strengthens on trade surplus and dovish Fed comments
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Version 0.23 (2024-03-07 17:34:06.181000)
updates: Updates on the Canadian Dollar's performance against the US Dollar
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Version 0.21 (2024-03-04 03:17:31.007000)
updates: USD/CAD retracement despite higher Crude oil prices
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Version 0.2 (2024-02-23 15:26:58.707000)
updates: Includes information about mixed retail sales report in Canada
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Version 0.2 (2024-02-23 15:26:58.707000)
updates: Includes information about mixed retail sales report in Canada
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Version 0.2 (2024-02-23 15:26:58.707000)
updates: Includes information about mixed retail sales report in Canada
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Version 0.2 (2024-02-23 15:26:58.707000)
updates: Includes information about mixed retail sales report in Canada
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Version 0.19 (2024-02-22 12:31:45.362000)
updates: USD/CAD pair hovers above 1-week low ahead of Canada retail sales
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Version 0.19 (2024-02-22 12:31:45.362000)
updates: USD/CAD pair hovers above 1-week low ahead of Canada retail sales
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Version 0.18 (2024-02-22 11:20:51.714000)
updates: Updates on the USD/CAD pair and the impact of hawkish FOMC minutes on the Canadian dollar
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Version 0.17 (2024-02-22 09:28:15.801000)
updates: USD/CAD slumps to near 1.3450 as US Dollar weakens on dismal market mood
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Version 0.16 (2024-02-22 08:20:31.369000)
updates: Updated information on USD/CAD decline and factors affecting it
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Version 0.15 (2024-02-19 15:20:52.185000)
updates: USD Index recovers, US markets closed for Presidents' Day, focus on longer trends and inflation data
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Version 0.14 (2024-02-18 07:21:02.130000)
updates: Updates on recent USD/CAD price action and upcoming economic data
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Version 0.13 (2024-02-08 11:13:30.541000)
updates: US dollar strengthens as rate cut expectations fade, Canada's economy records surprise deficit, Bank of Canada expresses concerns about inflation
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Version 0.12 (2024-01-30 12:29:39.635000)
updates: Technical analysis and key levels for USD/CAD
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Version 0.11 (2024-01-24 14:56:30.780000)
updates: USD/CAD awaits Bank of Canada rate decision amidst rate cut speculation
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Version 0.1 (2024-01-24 00:56:27.781000)
updates: Updates on the USD/CAD pair and upcoming events
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Version 0.09 (2024-01-22 04:45:59.825000)
updates: USD/CAD rebounds from lowest level, lower crude oil prices pressure CAD, US Dollar's safe-haven status, Fed's expected rate cuts in 2024, upcoming US economic data, technical levels, lower Crude oil prices pressure CAD, concerns regarding maritime trade in the Red Sea
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Version 0.08 (2024-01-21 06:42:59.126000)
updates: Weekly forecast suggests a slightly bearish picture for USD/CAD
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Version 0.07 (2023-12-23 19:59:12.321000)
updates: Updated information on Canadian CPI, Bank of Canada, Federal Reserve, and USD/CAD weekly forecast
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Version 0.06 (2023-12-21 02:59:18.791000)
updates: Focus on Canadian Retail Sales and US GDP data
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Version 0.05 (2023-12-20 03:02:58.420000)
updates: Rebound from multi-month low, Canadian CPI data, Federal Reserve's dovish turn, risk-on environment, US economic docket
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Version 0.04 (2023-12-19 05:01:07.603000)
updates: USD/CAD is trading below 1.3400 and is on the defensive. The recent bounce in oil prices is overshadowed by the Bank of Canada (BoC) Governor Tiff Macklem's dovish remarks, suggesting rate cuts in 2024. Fed officials push back against early rate cut expectations, providing some support to the USD. Traders are waiting for the release of Canadian CPI data for further direction. Technical levels to watch are 1.3394 and 1.3566.
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Version 0.03 (2023-12-13 11:17:57.571000)
updates: USD/CAD consolidates in range, reverses higher after US CPI release
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Version 0.02 (2023-12-06 06:48:56.475000)
updates: USD/CAD remains capped below 1.3600 ahead of BoC rate decision
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Version 0.01 (2023-11-30 10:48:01.521000)
updates: USD/CAD outlook turns bullish as dollar rebounds from 3-month low
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