FX Week Ahead - Top 5 Events: August Canada Inflation Report & USD/CAD Rate Forecast
The August Canada inflation report (consumer price index) is due on Wednesday, September 18 at 12:30 GMT.
USDCAD Forecast: RSI Snaps Bullish Formation Following BoC Meeting
Recent developments in the Relative Strength Index (RSI) foreshadow a further decline in USDCAD as the indicator snaps the bullish formation carried over from July.
Canadian Dollar Price: USDCAD Trend Eyes Bank of Canada Rate Decision
The recent Canadian dollar weakness against the US dollar may come under pressure later in the session as the Bank of Canada releases its latest interest rate decision. Nearby USDCAD support may come under pressure.
USDCAD Rate Carves Lower Highs and Lows Ahead of Fed Rate Decision
USDCAD initiates a fresh series of lower highs and lows, with the exchange rate at risk for a further decline as the Federal Reserve is expected to deliver a rate cut.
USDCAD Rate Rebound to Face Wait-and-See BoC Policy
USDCAD may stage a larger rebound ahead of the Bank of Canada (BoC) meeting on July 10 as the exchange rate snaps the series of lower highs and lows from last week.
USDCAD Rate Searches for Support, RSI Flirts with Oversold Territory
USDCAD may continue to exhibit a bearish behavior over the remainder of the week as the Relative Strength Index (RSI) flirts with oversold territory.
USDCAD Rate Eyes Monthly Low as FOMC Adjusts Interest Rate Forecast
USDCAD appears to be on track to test the monthly-low (1.3238) following the Federal Reserve meeting as the exchange rate initiates a series of lower highs and lows.
Top 5 Events: May Canada Inflation Report & CADJPY Price Forecast
The May Canada inflation report (consumer price index) is due on Wednesday, June 19 at 12:30 GMT.
USDCAD Rate Eyes April-Low Ahead of NFP, Canada Employment Report
USDCAD continues to give back advance from the April-low (1.3274) ahead of the NFP report as Federal Reserve officials change their tune.
Top 5 Events: May Canada Jobs Report & USDCAD Price Forecast
The May Canada jobs report (detailing the employment change and unemployment rate) is due on Friday, June 7 at 12:30 GMT.
Gold Prices May Break Key Support as US Dollar Reclaims Haven Bid
Gold prices fell as the US Dollar regained support from haven-seeking capital flows after a brief lapse. More of the same may see the metal break nine-month trend support.
Canadian Dollar Price Outlook: USD/CAD Rally to Resistance Before BoC
USDCAD has made a trip back to range resistance ahead of the Bank of Canada's interest rate decision on the calendar for tomorrow.
US Dollar Technicals Weaken; USDCAD Exits Symmetrical Triangle
The commodity currencies are showing increasing strength in recent days, in line with global equity markets continuing their surge higher.
USD/CAD Outlook Mired Ahead of Canada Employment by Bearish RSI Signal
The USD/CAD exchange rate is clouded with mixed signals ahead of Canadas Employment report as the RSI snaps the bullish formation from earlier this year.
Top 5 Events: March Canadian Jobs Report & USDCAD Price Outlook
Markets are expecting the Canadian labor market to cool off after exceptionally strong gains in January and February.
USDCAD Price Reversal Triggered by Canadian GDP, US Inflation Data
USDCADs daily move is already its largest down day since February 22.
USD/CAD Rate Forecast: Post-FOMC Advance at Risk on Sticky Canada CPI
Updates to Canadas Consumer Price Index (CPI) may curb the recent advance in USD/CAD as the headline reading for inflation is expected to hold steady at 1.4%.
Yen and US Dollar May Rise Further on OECD Outlook, BOC Rate Call
The Japanese Yen and US Dollar may continue to rise as an OECD forecast update and BOC policy decision stoke global slowdown fears and sour
Crude Oil Prices May Fall as OECD, BOC Feed Global Slowdown Fears
Crude oil prices may fall as an OECD economic outlook update and a Bank of Canada policy announcement stoke concerns about global economic slowdown.
