Near-term Trade Setups in USD/CAD, GBP/USD & USD/CHF

Review this week’s Strategy Webinar for an in-depth breakdown of these setups and more. Loonie Price Chart – USD/CAD 120min Chart Prepared by Michael Boutros, Technical Strategist; USD/CAD on Tradingview In my most recent Canadian Dollar Price Outlook, we noted that USD/CAD was, “testing the first major support hurdle on the back of last week’s […]

Canadian Dollar Price Chart: USD/CAD Breakdown Plummets into Support

The Canadian Dollar has already covered the entire August range after USD/CAD reversed sharply from key resistance last week. The decline is now testing initial support and while the US Dollar could see some near-term recovery, the broader outlook remains weighted to the downside. These are the updated targets and invalidation levels that matter on […]

EUR/USD Recovers, GBP/USD Rallies, USD/CAD Eyes BoC Risk – US Market Open

MARKET DEVELOPMENT –EUR/USD Recovers, GBP/USD Rallies, USD/CAD Eyes BoC Risk DailyFX 2019 FX Trading Forecasts Equities: Global equities are notably firmer following the announcement by Hong Kong’s Carrie Lam that the controversial extradition bill that sparked protests for 3-months will be withdrawn. Consequently, this has spurred risk-on sentiment with European and US equity futures trading […]

USD/CAD: Canadian Dollar Ripe for Breakout but GDP Data Looms

CANADIAN DOLLAR PRICE OUTLOOK EYES Q2 GDP DATA Canadian Dollar overnight implied volatility readings jump noticeably as forex traders anticipate the potential for sizable swings in spot rates USDCAD looks ripe for a technical break and Canada GDP data due for release during Friday’s trading session, which will likely weigh on BOC monetary policy, could […]

USDCAD Correction Stalls as Trump Tweets on Fed Coverage, Strong Dollar

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, […]
USDCAD Correction Stalls as Trump Tweets on Fed Coverage, Strong Dollar

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