USD/CAD is currently testing the immediate resistance level represented by the 50-day EMA at 1.3914. The 14-day Relative Strength Index is positioned around 54, indicating potential for a bullish breakout. The primary support is positioned at the nine-day EMA of 1.3861. During Asian hours on Tuesday, the USD/CAD pair traded at 1.3910, continuing its winning … Read more
Increasing crude oil prices approaching four-month peaks offer robust fundamental backing to the commodity-linked Canadian Dollar. Saudi pipeline shutdowns and postponed discussions regarding regional shipping corridors continue to heighten global energy supply anxieties. The broader currency pair experiences upward pressure as strong expectations for Federal Reserve rate hikes may enhance the value of the US … Read more
USD/CAD appreciates as the commodity-linked Canadian Dollar faces challenges stemming from declining oil prices. Crude oil prices are likely to recover as recent strikes on tankers and warships in the Persian Gulf escalate regional risks. US PPI increased by 5.4% year-over-year in August, marking an acceleration from July and surpassing analyst forecasts of 5.3%. USD/CAD … Read more
The CAD finds support in the context of rising global crude oil prices, which are influenced by intensifying military conflicts in the Middle East. US trade measures prohibit significant Canadian exports such as motor vehicles and dairy in the wake of reciprocal tariff increases. Energy exports provide a buffer for the Canadian dollar amid wider … Read more
USD/CAD faces challenges as the US Dollar weakens, even amid increasing anticipations of a Fed rate hike in September. The Canadian Dollar exhibits strength as WTI approaches three-month highs and continues to appreciate. The escalation of conflict in the Middle East and the potential for controls over the Strait of Hormuz are contributing to heightened … Read more
USD/CAD may experience depreciation as increasing crude prices could bolster the Canadian Dollar. Middle East tensions and restrictions on transit through the Strait of Hormuz are driving WTI crude prices back toward the $90 per barrel mark. Goldman Sachs observed that a benign CPI reading might inhibit the Federal Reserve from increasing interest rates. USD/CAD … Read more
The Canadian Dollar appreciates in value, buoyed by rising crude oil prices and ongoing tensions in the Middle East. The US Dollar is experiencing downward pressure due to a significant rally in the Yen and a deceleration in private employment growth within the United States. Investors are closely monitoring the upcoming weekly jobless claims and … Read more
USD/CAD declines to near 1.3890 in Monday’s Asian session. US military forces have conducted strikes on Iranian launchers located on Larak Island. Expectations for a September rate hike by the Federal Reserve have increased in the wake of Warsh’s remarks. The USD/CAD pair declines to approximately 1.3890 during the Asian trading hours on Monday. Renewed … Read more
The Canadian Dollar gains support as higher oil prices are propelled by escalating US-Iran tensions concerning the Strait of Hormuz. Washington intends to exert maximum economic pressure on Iran to prevent a large-scale military conflict and to compel negotiations. The US Dollar may find underlying support as Treasury yields resume their upward trend despite bond … Read more
The USD/CAD pair has declined, driven by the upward momentum in oil prices, which has bolstered the commodity-linked Canadian Dollar. Crude oil prices experienced a significant increase as tensions in the Middle East intensified, coinciding with the stagnation of negotiations between the United States and Iran. Fed Meeting Minutes indicated that officials preferred to raise … Read more
