USD/CAD Outlook: Canadian Dollar Edges Higher on Upbeat Data
The Canadian economy grew at an annual rate of 1.0% in the fourth quarter. The Bank of Canada is likely to pause rates next week. US inflation data is in…
The Canadian economy grew at an annual rate of 1.0% in the fourth quarter. The Bank of Canada is likely to pause rates next week. US inflation data is in…
A new higher high activates further growth. A break of 2,041 signals a deeper decline. US data could change the mood. The gold price hit a new multi-day high of…
The bias is bearish as long as it is below the upper median line. US economic data should bring strong action. A breakout from the upper channel signaled a new…
Australian retail sales rebounded in early 2024 after falling in December. Annual sales growth in Australia remained low due to high interest rates. Markets braced for another US inflation report…
Hajime Takata said there are signs the BoJ will soon reach its 2 percent inflation target. The yen remains among the worst performing G10 currencies against the dollar this month.…
A new lower low triggers a deeper decline. US data could bring some action. A breakout from the upper channel signaled a new leg down. The price of gold has…
Australian inflation missed forecasts, settling at a two-year low of 3.4% in January. There is a 60% chance that the RBA will cut rates in August. Data on Tuesday revealed…
Investors positioned themselves ahead of the core PCE price index. Consumer confidence in the US has fallen due to fears about the economic outlook. Economists expect the core PCE price…
Removing the downtrend line activates a bigger rally. Canadian inflation data should have an impact tomorrow. The bias remains bearish as long as it remains below the downtrend line. The…
The pound extended Friday's gains on upbeat retail sales data. The dollar was weaker as US markets closed for the President's Day holiday. This week, traders will focus on minutes…