USDCAD – US Dollar Trend Overwhelmingly Positive

USDCAD – US Dollar Trend Overwhelmingly Positive Key Highlights             US Dollar traded higher against the Canadian Dollar, and it looks like more gains are feasible. USDCAD pair is testing the previous swing high of 1.4600, which is acting as a resistance. There are a couple of bullish trend lines on the 4-hours chart, which is acting as a support ...
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US Dollar Gains as Fed Raised Interest Rates

US Dollar Gains as Fed Raised Interest Rates Key Highlights             Fed increased the interest rates from 0.25% to 0.5%, as forecasted and as a result, the US Dollar rocketed higher. EURUSD and GBPUSD dived down and USDCAD traded higher. The upside in the USDCAD pair was contained by the 1.3850 resistance area, which acted as a barrier. In New Zealan...
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USDCAD Likely To Be Volatile Ahead Of Canadian Jobs Report

USDCAD Likely To Be Volatile Ahead Of Canadian Jobs Report Key Highlights             US Dollar continued to remain in an uptrend against the Canadian dollar and may continue to trade higher. There were nasty spikes noted in the USDCAD pair Intraday after the ECB decided to cut the deposit rates by -0.10%. Canadian employment Change report will be released...
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USDCAD under Pressure and Awaits Canada CPI Report

Key Highlights US Dollar collapsed recently against the Canadian dollar and a few other major currencies, as the Fed rate decision failed to help the greenback. Canadian Consumer Price Index (CPI) will be released by the Statistics Canada with the forecast of no change in the CPI in August 2015, compared with the preceding month. In China today, the housing price index,...
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USDCAD Might Trade Above 1.3300

Key Highlights US Dollar recovered sharply against the Canadian Dollar and looks set for more gains in the near term. In the US the Services Purchasing Managers Index (PMI) released by Markit Economics posted a decrease to 55.2, which was lower compared with the forecast of 56.0 in August 2015. US Consumer Confidence released by the Conference Board registered a massive...
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USDCAD – Crucial Break Noted

Key Highlights US Dollar managed to pop higher against the Canadian Dollar, and also managed to clear a major resistance area. US Empire State Manufacturing Survey conducted by the Federal Reserve Bank of New York declined to -14.92, whereas the market was expecting it to come in at 5 in August 2015. Canadian investment in foreign securities released by the Statistics C...
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USDCAD Buyers Facing Challenge Around 1.3100

Key Highlights US Dollar after a sharp decline towards 1.3000 against the Canadian Dollar climbed higher, but facing a major resistance on the upside. Canadian housing starts released by the Canadian Mortgage and Housing Corporation registered a reading of 156.3K in February 2015 whereas the market was expecting 179.0K. US NFIB Business Optimism Index posted a minor inc...
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Dollar Rockets Higher Post US CPI

Key Highlights US Dollar gained a lot of bids after a flurry of releases in the US and Canada. Canadian Consumer Price Index (CPI) published by the Statistics Canada posted an increase of 0.2% in June 2015, compared with the forecast of 0.3%. In the US, the Consumer Price Index released by the US Bureau of Labor Statistics registered an increase of 0.1% in June 2015, wh...
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US Dollar Continues To Gain Traction

Key Highlights US Dollar remained the first choice of investors, as it traded higher intraday against most of its counterparts. US Services Purchasing Managers Index (PMI) released by Markit Economics came in at 54.8 in June 2015, unchanged from the last reading. Canadian Ivey PMI released by the Richard Ivey School of Business came in at 55.9 in June 2015, i.e. above t...
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USDCAD Sellers Await Canadian CPI Report Under Pressure

Key Highlights US Dollar is under pressure against currencies such as the Euro and the British Pound, but remained stable against the Canadian Dollar. Canadian Consumer Price Index (CPI) will be released by the Statistics Canada today, which is expected to increase by 0.5% in May 2015. Canadian Retail Sales report will also be published, and the forecast is of a 0.7% in...
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