Tag - cad - canadian dollar

USD/CAD mas managed to leave the range. The pair is now targeting higher levels.

The Bank of Canada decided to keep the current policy unchanged as widely expected. However, the bank did not mention anything about tapering again in July.

Latest Forex news and fresh technical analysis! Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/CAD, and XAU/USD!

All eyes are headed toward the Bank of Canada today. Estimates point to no change both for the main rate and the ongoing QE which stands at $3B weekly.

USD/CAD managed to advance further yesterday breaking above 1.21, reaching as high as 1.2128 earlier today, while our long signal that was issued at 1.2060 is now in profit with over +60 pips.

US unemployment claims fell to the pandemic low. Joe Biden will unveil a $6-trillion budget on Friday. In the meantime, Bitcoin was hit after negative comments from one of the central bankers.

USD/CAD managed to bounce off its support area mentioned in our previous report at 1.2060’s and continued to rise throughout yesterday’s trading reaching as high as 1.2141

USD/CAD has been trading within a tight range for over two weeks now and holding well above 1.2050’s. Read more!

EUR/USD is moving sideways ahead of the ECB meeting. USD/CAD dropped after the hawkish action of the Bank of Canada. The earnings season is underway!

Europe’s poor vaccination rollout keeps pressing down the euro. Unlike Europe, the USA is in a much better position now. Thus, EUR/USD is likely to dip further this week. Gold is likely to fall as well amid the strong USD. Watch the video to get more trade ideas for this week!

Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.

As the biggest oil refinery in the world got attacked recently in Saudi Arabia, oil soared to almost $70. Other than that, a regular weak ahead, with CAD and EUR seeing their respective rates and monetary reports out. A couple of stocks are down, by the way - we'll talk about that and how to gain on that, too!