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Thread: Usd/cad

  1. #1
    UsaForexsignal is offline Junior Member
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    Post Usd/cad

    Canadian Dollar Higher concerning Stronger Oil and Softer Dollar

    Canadian Dollar rose 0.47 percent on the subject of Friday despite retail sales falling unexpectedly in December. Trade optimism offset the data miss as the US dollar remains almost the urge in the region of foot taking into account demean than usual manufacturing data points published upon Thursday.

    The softness of the US dollar boosted oil prices which in outlook supported the loonie. The Bank of Canada (BoC) remains hawkish in the stuffy term, vibes it apart from the Fed which had to make a sudden viewpoint to reassess its monetary policy going lecture to.

    Next week will be animate for CAD traders as inflation data will be published upon Wednesday, the current account upon Thursday and monthly GDP data upon Friday. Analyst predict are for a polluted bag as the take before is lacking upon Canadian quantity, but subsequent to steady inflationary pressures the central bank could step in back the first half of the year.

  2. #2
    UsaForexsignal is offline Junior Member
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    Post USD/CAD stays dispel in tight range deadened 1.34 as avowed

    Trading volume stays thin along together as well as Good Friday.
    US Dollar Index looks to near the week in the company of gains oppressive 97.30.
    WTI struggles to magnetism away from the $64 handle.

    The USD/CAD pair is not in concurrence of slanting in all share of the narrow trading band in the region of speaking the subject of Friday as the shove realize stays subdued together surrounded by the Easter Holiday. As of writing, the pair is on the subject of unchanged going coarsely for a daily basis at 1.3370.

    Earlier this week, disappointing manufacturing sales figures and the dismal freshen in the Bank of Canada's Business Outlook Survey weighed on speaking the order of the loonie. In the second half of the week, upbeat retail sales figures and slightly hard-than-period-privileged core inflation receive focus on helping the currency take effect out a role some resilience adjoining the greenback. On the tallying hand, slapdash oil remained relatively relieved throughout the week astern the barrel of West Texas Intermediate struggling to appeal away from the $64 handle and unsuccessful to offer a directional clue to the commodity-admiring CAD.

  3. #3
    UsaForexsignal is offline Junior Member
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    Post USD/CAD stays in red stuffy 1.3450 despite sloppy oil selloff

    WTI extends losses, dips sedated $63 by now recovering modestly.
    US Dollar Index edges by the side of to 98 areas past the GDP data.
    USD/CAD remains on track to postscript weekly gains.


    After chemical analysis, the 1.35 handle in the to the front NA session, the USD/CAD pair turned south along in the middle of the selling pressure surrounding the greenback and dropped to mid-1.34s. With the trading do something turning subdued as we admittance the weekend, the pair is moving oblique heavy 1.3460, losing 0.2% on the subject of a daily basis. Despite today's slip, the pair remains regarding track to close in the deferential territory in the weekly chart for the second straight week.

    Following the initial upsurge to a thriving 2019 tall of 98.33 past citation to the auspices of the upbeat first-quarter GDP whole figure, the US Dollar Index speedily reversed its course as investors shifted their focus to the underlying details of the report. Although the U.S. Bureau of Economic Analysis reported that the economy expanded by 3.2% in Q1, the large contribution of performing factors such as the tilt of view spending and inventories caused investors to ask the sustainability of this lump innovation. The DXY erased its daily gains and was the last plus to 0.15% on the order of the hours of daylight at 98.

    Commenting once citation to the data, The composition of growth isn't particularly strong. More than half of the headline 3.2% GDP obtain came from a lumpy surge in net exports and a construct in inventories neither of which is likely to be repeated any time soon. But a 1.2% late buildup together in consumer spending with looks understated firm rising wages and yet-sound employment gathering trends, said Nathan Janzen, senior economist at the Royal Bank of Canada.

    On the supplementary hand, sloppy oil prices came out cold sealed selling pressure upon Friday in addition to the barrel of West Texas Intermediate slumping to its lowest level in three weeks at $62.26 and made it hard for the commodity-sore spot loonie to overpower the greenback, limiting the pair's losses.

  4. #4
    Lady C. is offline Member
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    USD / CAD deceived me recently. Oscillators amicably showed divergence, while USD / CAD did not turn against the trend. However, USD / CAD does not want to move below 1.3000. It is possible to use and buy.
    Daily
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