Posts Tagged ‘USD/CAD’

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WTI Crude Oil and USD/CAD Forecast — April 2nd 2021

In this video, the Trader Guy looks at commodities Crude Oil and USD/CAD for the April 2nd session. WTI Crude Oil — The oil market rallied on Thursday session, but it was very volatile. The 50-day EMA below offered support. A break above the top of this candlestick is bullish and the next target is 65.00. A breakdown below the recent lows is very bearish and the support could be located at 52.50. You […]

USD/CAD — Daily Forecast Technical Analysis — October 5th 2020

In this video the trader guy looks at currency pair USD/CAD pair for the September 59th session. USD/CAD — Recently, this pair has broken above the downtrend line. Now, it has come to test this little area for support. Looking at the Bollinger Bands indicator, this pair looks set to go higher. Pay attention to the oil market. The WTI Crude Oil is testing the $37.50 level. A breakdown below this […]

USD/CAD — Daily Forecast Technical Analysis — September 29th 2020

In this video the trader guy looks at currency pair USD/CAD pair for the September 29th session. USD/CAD — The trading session was quiet on Friday, as the market is trading below the 200-day EMA. The market needs to fill the gap below 1.3450, which is resistance. A break above this level is very bullish. To the downside, the market has broken above this downtrend line, and the 50-day EMA is supportive. The rising coronavirus […]

Oil Price vs Canadian Dollar Graph | The Correlation Between Oil & CAD

In this video, you will learn about the correlation between the Canadian dollar, and the Crude Oil. Canada is a major exporter of Crude Oil. It has increased its capacity in production and is supplying about 6 million barrels per day. It has 173 billion barrels in its oil reserves. However, Canada is not a member of OPEC. About 99% of its exports goes to US. Hence, Canada's economy […]

How Much Will USD Cost Next Week? (EUR, USD, CAD)

Ahead of the Christmas holidays, the EUR/USD pair is showing a bearish sentiment. The EUR/USD pair is trading at 1.14. However, the release of macroeconomic data could decide the strength of the greenback. The US dollar index is trading at 94.60. The GDP data released fell short of expectations. The USD/CAD pair is trading at 1.3550. The GDP report released from Canada indicates that the economy is in good condition. However, the retail sales data released […]

Early North American Trade — October 24th 2018: USD/CAD

The US dollar is rallying at the moment. The US dollar index is trading at 96.40. As a rate hike looks likely from the Fed in the near future, the greenback is supported by the investors. The macroeconomic data released from the US looks positive. The PMI data released today also looks positive. There was a policy meeting held by the Bank of Canada. A rate hike was favored by the central bank due to the inflation. This has contributed […]

USD Bulls Holding Upper Hand

The US dollar is now developing a bullish sentiment. The US dollar index is trading at 95.00. The macroeconomic data released brought about a positive sentiment for the US dollar. The USD/CAD is trading at 1.3020. The comments from Stephen Poloz, the Governor of Bank of Canada, boosted the demand for the Canadian dollar. The central bank concluded that an interest rate hike is necessary when the economy needs it. There are two more factors […]

Donald Trump Fails to Cut US Trade Deficit

The US dollar lost momentum after the publication of the trade balance data. It turned out that Trump's attempts to cut the trade deficit by means of grand scale trade wars were in vain. The latest trade balance reports showed that the shortfall widened to 50 billion 82 million dollars. During the American session, the US dollar index has continued trading sideways, retreating from the level of 95.60. The comments of Saint Louis […]

US Businesses Concerned Over Trump’s Ambitions

The American currency strengthened ahead of the US trading session on Friday. The US dollar index approached the level of 94.90, adding over 30 pips. Earlier, news came that the United States may leave the World Trade Organization as Donald Trump is not satisfied with its work. However, the US Economic Development Administration noted that Trump's words are just bold statements, as the American business is not ready […]

USDX Remains Under Pressure Despite Upbeat Statistics

In the North American pre-market, the US dollar remains under pressure. Its index is trading lower at about 94.40. Traders are in no hurry to open long bets on the US dollar even despite upbeat data on consumer confidence from the Conference Board. The report reads that a measure of economic confidence among American households surged to 133.4 in August from 127.9 in July. The August reading confounded expectations for a decline. Despite unexpected […]

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