12.08.2020 08:47 Demand for the dollar is rising, defensive assets are being sold; Overview of USD, CAD, and JPY
Fundamental analysis of USD/CAD
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11.08.2020 08:54 Weakening impact of COVID-19 in the US and positive data on the economy will cause a decline in the dollar's rate again
06.08.2020 09:36 EUR/USD and USD/CAD: Demand for risk assets will continue, on the grounds of a weak US labor market report. US Treasury increases sales of government bonds.
05.08.2020 09:25 Demand for defensive assets is growing and dollar is ready to resume growth; Overview of USD, CAD, and JPY
05.08.2020 08:17 Currency market as a reflection of everything that exists (we expect EUR/USD pair to consolidate and USD/CAD pair to decline)
Weak dollar is a threat to the stability of the global financial system; Overview of USD, CAD, and JPY
Relevance up to 11:00 2020-07-31 UTC+2 The dollar continues to steadily roll down, as the market has not received a single positive impulse over the past day. Congressional negotiations on a $ 1 trillion aid plan have stalled, not only over the Republican-Democratic negotiation of the bill, but al....
Rise in the number of applications for unemployment benefits in the US locally supported the dollar (EUR/USD and USD/CAD pairs may correct before the dollar continues to weaken)
Relevance up to 07:00 2020-07-25 UTC+2 On Thursday, the mood of investors on the markets was somewhat spoiled by negative data from the US labor market, which provided local support for the US dollar and the demand for defensive assets. According to the data presented, the number of applications....
The pair fell down on the weak US dollar and the positive Canadian data. What is the forecast? What happened? Yesterday the consumer price index came out better than expected. It rose by 0.8%, while the forecast was only 0.4%. USD/CAD slumped after the report to the 5-week low at 1.3400. At the same...
EUR/USD and USD/CAD: Prospects for the European economy. Canadian dollar strengthens amid surge in inflation.
Relevance up to 08:00 2020-07-24 UTC+2 A bullish mood persists in the European currency, and so far there are no signals that the quote will undergo a reversal in the trading chart. The absence of important macroeconomics statistics yesterday, with the exception of data on the US housing market, ....
Potential weakening of COVID-19's impact is changing the balance of power in the markets (AUD/USD pair may correct before the growth resumes; USD/CAD will continue to decline)
Relevance up to 06:00 2020-07-25 UTC+2 Traders in the currency market are focused on waiting for the start of production of a vaccine against COVID-19, which fully weakens the position of the US dollar, which, we recall, has been holding its positions for almost half a year, not wanting to give up....
GBP/USD and USD/CAD. Investors have faint hope for trade deal between UK and EU. Amid escalating jitters, US orders China to close its consulate in Houston
Relevance up to 13:00 2020-07-23 UTC+2 Judging by the escalating tensions between the US and China, everything is indicating disruption to the trade relations and non-commitment to the trade deal which was made in late 2019. Today media reported that Washington ordered China to close its consulate....
Relevance up to 22:00 UTC+2 The Canadian dollar, paired with the US dollar, continues to take advantage from the current market situation. The commodity market is growing, the dollar has been steadily declining for the third week, and the Bank of Canada is showing a wait-and-see attitude, providi....
Relevance up to 09:00 2020-07-24 UTC+2 Players tend to view the development of the market situation in a positive way, even despite the threat of an even more widespread spread of the coronavirus. The main driver of growth is the EU, whose leaders have agreed to create a recovery fund, which is p....
Dollar has nothing left to do but decline (EUR/USD and USD/CAD pairs are expected to make a correction before the dollar weakens again)
Relevance up to 06:00 2020-07-24 UTC+2 A surge of optimism regarding the results of successful trials of vaccines against coronavirus infections, conducted by a number of US pharmaceutical companies, gave investors hope that drug production will begin in the near future.Markets rallied again on Tu....
Dollar failed to gain on the wave of profit-taking in the stock markets (a decline in the price of gold and in the USD/CAD pair is expected)
Relevance up to 06:00 2020-07-18 UTC+2 On Thursday, market participants shifted their attention from the topics of testing vaccines against COVID-19 and corporate reporting by companies to economic statistics and the situation with the spread of coronavirus in America.A certain pullback in the mar....
USD/CAD: The Bank of Canada is ready for any decisive action towards its monetary policy and believes in a gradual economic recovery.
Relevance up to 07:00 2020-07-17 UTC+2 The Canadian dollar arose after the Bank of Canada left its key rate unchanged at 0.25%. In addition, the bank noted improvements in economic prospects after the country decided to lift the quarantine restrictions. At its meeting, the Bank of Canada noted t....
News about the vaccine from the US encourages investors to buy risky assets and sell the dollar (continued growth of the EUR/USD and a decline in the USD/CAD are expected)
Relevance up to 06:00 2020-07-18 UTC+2 On Wednesday, sehe mood in global financial markets improved markedly. The main reason for this was the news from the drug developer of the American company Moderna Inc, which reported successful interim trials of the vaccine against COVID-19. This news bec....
BoJ expects an increase in risks and the BoC will indicate its position today; Overview of USD, CAD, and JPY
Relevance up to 10:00 2020-07-17 UTC+2 As expected, European stock markets opened with growth, supporting the positive mood of yesterday. September Brent futures fixed above $ 43 per barrel, while markets are waiting for the results of today's virtual meeting of OPEC +, which will very likely conf....
USD/CAD keeps bringing joy to range-bound traders while consolidating between the support at 1.35 and the resistance at 1.3630. What may put an end to this peaceful calmness? In fact, there are several main triggers. One of the most obvious is, of course, the rate statement by the Bank of Canada on ...
Investors are clearly tired of the subject COVID-19 (GBP/USD may continue to grow, while USD/CAD may decline)
Relevance up to 07:00 2020-07-15 UTC+2 Despite the increase in the number of deaths and cases in the United States from coronavirus infection, which previously clearly supported the dollar as a safe haven currency, it still ended in the negative zone last week.According to the dynamics of the ICE ....
The Canadian employment change has been released at the same time with the US PPI. The best opportunity of this week for traders! What happened? 952 900 Canadians have been hired during June. Analysts expected that only 700 000 people would find jobs. This data gave a good sign that the Canadian lab...
Coronavirus is on the offensive again, threatening to halt the global economic recovery; Overview of USD, CAD, and JPY
Relevance up to 08:00 2020-07-10 UTC+2 The increase in reports of rising new cases of coronavirus infection casts doubt on the near recovery of the global economy to the start of the year levels and increases overall uncertainty. As a result, the stock indices of most countries went into the "red"....
Relevance up to 15:00 2020-07-04 UTC+2 At first glance, the reaction of loonie to the published data seems illogical. After all, the April figures reflected a record decline in the Canadian economy in the entire history of observations. Canada's GDP fell in April by 11.6%, while in March a decreas....
Relevance up to 08:00 UTC+2 Stock indexes of the Asia-Pacific countries are growing steadily on Tuesday morning, the growth is supported by positive data from China. The PMI in the manufacturing sector rose to 50.9p, which turned out to be better than expected, while the growth in the services sec....
Markets, understanding the risks of the COVID-19 pandemic, are still unprepared for serious sales (a decline in the USD/CAD pair and an increase in the NZD/USD pair are expected)
Relevance up to 06:00 2020-06-27 UTC+2 Investors continue to ignore the positive data coming out of Europe and the US, which point to the emerging bottom after a strong decline in economic activity against the backdrop of a coronavirus pandemic that forced previously economically developed countr....
How long will the issue of COVID-19 overshadow investors' minds? (a local decrease in the AUD/USD and an increase in USD/CAD are possible)
Relevance up to 06:00 2020-06-26 UTC+2 The uncontrollable coronavirus pandemic in the United States, as well as in the Western Hemisphere as a whole, drives financial markets into the "Procrustean bed". Investors cannot understand what to do, which leads to high volatility in the markets and a st....
The Canadian dollar started this week with the positive footing. What’s the reason? Oil rally Despite fears of the second coronavirus wave, the risk appetite has come back on the market as most countries are easing their lockdowns. In addition, most economic indicators turned out better than expecte...
Relevance up to 08:00 2020-06-25 UTC+2 European stock indexes closed in the red zone after Trump's trade adviser, Peter Navarro stated that the US president intends to break the trade deal with China due to assumptions about Chinese origin of coronavirus. A little later, Trump himself denied this ....
Relevance up to 15:00 2020-06-23 UTC+2 The euro collapsed on Friday against the US dollar, as buyers of risky assets did not find positive moments after a video conference of EU leaders, who once again agreed to meet at the end of July to try to agree on a recovery plan and financial assistance of....