The USD/CAD turned sharply higher ever since traders realised that there was a lack of supply beneath the psychological level of 1.25 last Tuesday, leading to a 500-pip rally to the next psychological hurdle of 1.30...
11 May 2016FOREX.com
USD/CAD continued its sharp rebound for the second consecutive day on Wednesday as crude oil remained in retreat, the US dollar saw a modest relief bounce, and the Canadian dollar was hit by data showing a worse-than-expected trade deficit...
5 May 2016FOREX.com
AUD and CAD got hammered as the Doha meeting on oil restrictions failed and caused substantial concerns over the oil cartel OPEC’s ability to restrict and control the oil production...
18 Apr 2016HFM
USDCAD has been moving lower in recent days while the WTI crude has rallied. Now the pair is oversold and therefore vulnerable to contra trend moves. Stochastics is well below the oversold threshold in the daily chart and USDCAD has moved below the lower Bollinger bands...
13 Apr 2016HFM
Since it hit a new five-month low below 1.2900 late last week on the last day of March, USD/CAD has rebounded to hit a high briefly above 1.3200 resistance as of Tuesday. This rebound has occurred as the price of crude oil has retreated in the past several trading days...
6 Apr 2016FOREX.com
The USD/CAD has collapsed after its parabolic rise ended in mid-January, when oil prices first showed signs of stabilisation. Since peaking at just shy of 1.4700, the Loonie has tumbled to below 1.30, hitting a low of 1.2925 last week...
22 Mar 2016FOREX.com
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As expected, the first major central bank decision of the week was not much of a decision at all. Earlier this morning, the Bank of Canada opted to leave interest rates unchanged at 0.50%, as all 11 primary dealers surveyed by the Wall Street Journal expected...
10 Mar 2016FOREX.com
USD/CAD further extended its prolonged pullback on Tuesday to hit and slightly dip below major support at the 1.3400 level and its key 200-day moving average. The currency pair has not broken below its 200-day moving average since late-2014...
2 Mar 2016FOREX.com
USDCAD broke below an important support in yesterday trading. The 1.3640 to 1.3660 area had supported price in January and then twice February. This has caused the pair to be oversold in both daily and 4h timeframes...
26 Feb 2016HFM
The IEA report, published this week, reflects the agency's doubts in the ability of OPEC and other oil producing countries to reduce quotas in the short term...
10 Feb 2016Exness
At the moment, the WTI crude oil prices are rising by 1.04%, testing the level of $31.21. They are supported by the Baker Hughes statistics on the number of active drilling rigs in the United States, which fell by 48 to 571 last week...
8 Feb 2016Exness
Long-term trading: the data on non-farm payrolls, which will be released on Friday, 5 February, is unlikely to have a strong impact on the CAD. Currently we recommend to refrain from opening long-term trades on the pair USD/CAD...
4 Feb 2016LiteFinance
According to Baker Hughes, the number of active rigs in the US fell form 18 to 619 last week. Low oil prices will sooner or later lead to a reduction in the US oil production and the subsequent growth of the "black" gold prices...
2 Feb 2016Exness
Assumingly, a downward zigzag within a large Bearish correction continues forming. Locally, the fifth wave (c) seems to be developing and if the assumption is correct, the pair continues falling towards the level of 1.3800...
1 Feb 2016LiteFinance
On Thursday, the US Dollar was falling, and the USD/CAD pair reached its new local lows. Demand for the American currency declined as the results of the Fed monetary policy meeting lowered chances that the Regulator will increase interest rates in March...
29 Jan 2016LiteFinance
After spending Monday paring some of its losses from last week, USD/CAD renewed its plunge on Tuesday as crude oil rebounded due to hopes for an output restraint deal among oil-producing nations led by OPEC...
27 Jan 2016FOREX.com
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On the daily chart, the pair bounced off the middle MA of Bollinger Bands. The price remains above the EMA130 and EMA65, both directed up. The RSI failed its support in the Bullish zone at 50 mark and formed a divergence with the price...
26 Jan 2016LiteFinance
Last week, the Canadian Dollar grew notably, and the USD/CAD pair lost more than 450 points. Data on inflation, released in the US, confirmed the forecast, while Initial Jobless Claims were up to 293K, the highest for 11 months...
25 Jan 2016LiteFinance
USD/CAD pulled back sharply on Thursday as crude oil staged a bounce from extreme multi-year lows and the markets digested the Bank of Canada’s decision a day earlier to keep its key interest rate unchanged at 0.5%...
22 Jan 2016FOREX.com
Heading into today big BOC decision, it felt like USD/CAD bears just needed to get put out of their misery. After all, the Canadian dollar had lost 11% of its value against the US dollar in last three months alone...
21 Jan 2016FOREX.com
The Canadian Dollar managed to gain back its losses after the USD/CAD pair opened the week with a rise. However, the Canadian currency remains under pressure amid low oil prices. As sanctions on Iran were lifted last weekend, concerns about growing oversupply of the global oil market have deepened...
19 Jan 2016LiteFinance
An upward impulse within the fifth wave of the senior level v of 5 of (3) continues forming. Locally, the fifth wave (v) of v of 5 of the junior level seems to be developing. If the assumption is correct and the price does not break down the critical level of 1.4185, the pair continues growing towards 1.4500...
14 Jan 2016LiteFinance
Looking for the bottom in the oil market is useless at the moment, because investors are not sure about the state of the Chinese economy, which is slowing down, as well as about the future path of interest rates increase in the United States. At the moment...
12 Jan 2016Exness
The reduced price for WTI crude oil to 35.75 dollars per barrel and the strengthening of the US dollar against the euro has allowed the USD/CAD pair update the 2015 low to around the 1.4 mark...
7 Jan 2016Exness
The US Department of Energy weekly report on oil reserves in the US will be published today. Expectations of their decline over the last week by 1.8 million barrels support the currencies of oil exporting countries...
31 Dec 2015Exness
Assumingly, an upward impulse in the fifth wave of the senior level v of 5 of (3) continues forming. Locally, the third wave (iii) seems to have ended, and a correction as the fourth wave (iv) seems to be developing...
24 Dec 2015LiteFinance
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The USD/CAD pair keeps growing renewing new highs. The main reason for the growth in the pair is strengthening US Dollar that was supported after the Fed meeting on Wednesday at which the regulator, as was expected...
18 Dec 2015LiteFinance
The weekly statistics on the US oil reserves will be published today by the US Department of Energy. It is expected that the past week stocks will fall by 0.3 million barrels. We believe the statistics will not provide any significant support for the Loonie...
16 Dec 2015Exness
According to Baker Hughes, last week, the total number of active drilling rigs in the United States declined from 737 to 709, and the number of oil installations declined from 545 to 524. We believe that oil production in the US will decrease, and the prices for it will grow in the coming weeks...
15 Dec 2015Exness
The CAD sinks as Canada manufacturing shipments tumbled 1.1% in October, petroleum and coal shipments plunged 5.7%, marking the fifth straight decline in the sector...
15 Dec 2015HFM
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