Get started

Usdcadanalysis

USDCAD Weekly viewThe US dollar rose against its major trading partners early Friday, except for a decline versus the yen, ahead of the release of personal income, spending, and price data and advance trade and inventory data, all for February, at 8:30 am ET, with most US markets closed for Good Friday. Chicago PMI and Kansas City Federal Reserve services data for March follow at 9:45 am ET and 11:00 am ET, respectively. Updates to the Atlanta Fed and St. Louis Fed GDP nowcast series are expected around midday. Fed Chairman Jerome Powell is scheduled to participate in a live discussion on monetary policy at 11:30 am ET after comments from other Fed officials this week that there could be fewer rate cuts this year than previously forecast due to stronger-than-expected data. Powell is also likely to be asked about the PCE price data released earlier in the day and the impact of the collapse on the Francis Scott Key Bridge in Baltimore earlier this week on the supply chain and inflation. San Francisco Fed President Mary Daly will make opening remarks before the discussion with Powell begins.
by FXBANkthe8055
USDCAD ShortFOREXCOM:USDCAD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
Dollar Hits 6.5-Month High as Central Banks Adjust RatesOn September 21, 2023, the U.S. dollar reached its highest level in 6.5 months after the Federal Reserve indicated that it will continue its restrictive monetary policy. The Swiss franc weakened as the Swiss National Bank decided to keep rates unchanged for the first time since March 2022. The Federal Reserve held interest rates steady within the expected range of 5.25%-5.50%. However, they emphasized their commitment to a hawkish policy that aims to control inflation without harming the economy or causing job losses. The Fed's updated projections suggest that interest rates will be tighter than previously thought until 2024. In Europe, Sweden's Riksbank and Norway's central bank raised rates as expected. The pound fell to its lowest level since April ahead of the Bank of England's policy announcement. The Japanese yen reached its lowest level since November before the Bank of Japan's policy announcement on Friday. However, market analysts doubted that there would be any significant policy changes in the meeting. Both the Australian and New Zealand dollars weakened after the Fed's meeting. However, the New Zealand dollar received some support after better-than-expected economic growth data for Q2 2023. European equities faced challenges as the Fed hinted at the possibility of another rate hike, following a rapid increase in rates over the past 18 months. This was further impacted by the Swiss National Bank's decision to keep rates unchanged and Norway's central bank signaling a potential rate hike in December.
by HiumanPre
12
USD/CAD Wave Analysis: Riding the Profit Wave 📈🌊 🤑 Hold tight for the USD/CAD profit ride! We're breaking down recent moves (1-2-3-4-5) and diving into the next big thing: correction wave vibes! Let's jump into Wave ABC and grab those gains! 💰 🔍 What's Hot: Wave Breakdown: Let's zoom in on USD/CAD moves, spilling the beans on that slick five-wave setup (12345). Get the lowdown on each wave's style and how they jam together for the big picture. Course Correction: Time to chat about the comeback waves. Scope out what's cooking in Wave ABC – levels, patterns, and when it might hit the scene. Cash Splash in Corrections: We're dishing on bagging profit during correction waves. See how to time your moves right for max moolah – nail those entries and exits. Riding the BC Wave: Dive into Wave BC, the sequel to correction moves. We're breaking down the players and factors that shape it, so you ride it like a pro for gains. Risk Ninja Moves: Master risk moves during corrections. Learn savvy tricks to protect your stash while raking in the dough. Tech Tools Rock: Check out tools and tricks to boost your USD/CAD game. Use them to back up your hunches and dial in your moves. Real Talk Tales: Dig into past USD/CAD waves. It's like getting wisdom from seasoned wave riders – peep the patterns, wins, and how it all went down. 📊💰 USD/CAD's in the spotlight, so get prepped for the profit rush! Correction wave (Wave ABC) is where the action's at, loaded with juicy potential wins. Stay sharp, trade bold, and get the scoop from our full-throttle analysis! (Note: Trading packs risks, and past glory doesn't promise future fortune. This is about learning the ropes, not financial advice. Do your homework and talk shop with money pros before making moves.) 🚀🤑
Short
by Greenfireforex
USDCAD Reacts to CPI & Debt Ceiling WoesUSDCAD Reacts to CPI & Debt Ceiling Woes Two big events affecting the USD/CAD pair include the CPI reading from Canada this week as well as the ongoing debt ceiling crisis in the US. In April, the monthly Canadian headline CPI surged by 0.7%, resulting in an annual rate of 4.4% compared to the previous 4.3%. This increase exceeded the consensus estimates by three-tenths of a percent in both instances. Consequently, the USD/CAD experienced a 0.4% decrease, reaching 1.3404, before rebounding to a high of 1.3535 USD/CAD has now also breached its 200-day simple moving average on the downside, closing below it to reinforce the bearish signal. Strengthening this assertion is that the Bank of Canada had recently put a halt to its tightening campaign, having raised interest rates by 425 basis points since March 2022. However, they indicated that this pause was dependent on the inflation outlook aligning with the forecasted trajectory. It is unlikely that this week's CPI data meets this requirement. Offsetting the positive news for the Canadian dollar is the prevailing optimism in the United States regarding the government's ability to avoid defaulting on its debt. Following emergency discussions at the White House, President Joe Biden and Republican leaders cautiously expressed hope for a potential agreement to raise the US debt ceiling. The agreement must be reached and approved by both houses of Congress before the federal government exhausts its funds to cover expenses, which could occur as soon as June 1 (only two weeks away). Despite House of Representatives Speaker Kevin McCarthy stating that the two parties remain considerably apart, he believes that a deal could be achieved by the end of the current week.
by BlackBull_Markets