Canadian Dollar Talking Points The near-term rebound in USDCAD appears to have stalled ahead of Canada’s Employment report, and current themes surrounding financial markets may continue to drag on the exchange rate as the Federal Reserve comes under increased pressure to implement a rate easing cycle. USDCAD Correction Stalls as Trump Tweets on Fed Policy, […]

MARKET DEVELOPMENT – EUR/USD Breaks Support, UK General Election Risk Rises, CAD Extends Bearish Reversal DailyFX 2019 FX Trading Forecasts GBP: As widely expected, Boris Johnson won the leadership contest with a margin of 66%. Given that this had been priced in, GBPUSD saw a rather muted reaction to the announcement. Focus now turn towards […]

MARKET DEVELOPMENT – EURUSD Drops as Italy Risks Facing Snap Elections, USDCAD Spikes DailyFX 2019 FX Trading Forecasts EUR: A recovery in the US Dollar after Fed’s Williams faux pas had been clarified, has weighed on the Euro, which is once again back towards the low 1.12s. Overnight, comments from Fed’s Williams had led to […]

The Canadian Dollar is up more than 4% against the US Dollar since the May highs in USD/CAD with the recent sell-off in price taking Loonie into critical pivot zone. These are the updated targets and invalidation levels that matter on the Loonie (USD/CAD) weekly price chart. Review my latestWeekly Strategy Webinar for an in-depth […]

Federal Reserve Talking Points: Fed Chair Powell is due to testify before the House Financial Services Committee Wednesday and stir a monetary policy-focused market A Bank of Canada (BOC) rate decision is a top scheduled event risk, but be mindful of the crosses you evaluate for opportunities While Brexit concerns are key for Sterling, a […]

USD/CAD Price Forecast, Charts and Analysis Eyes on NFP numbers release today for US Dollar. USD/CAD price action during this week. Did you check our US Dollar and Gold latest forecasts? Find out more for free from Q3 main Currencies and Commodities forecasts USD/CAD – Bearish Move with Lower Momentum On July 3, USD/CAD tested […]

MARKET DEVELOPMENT – USDCAD at 2019 Lows, EURUSD Dips on ECB Dove DailyFX 2019 FX Trading Forecasts USD: FX pairs have held relatively tight ranges in this holiday thinned trading session. Alongside this, sizeable option expiries in major USD pairs have also kept price action relatively subdued. In particular, this has been observed in EURUSD […]