CAD

USDCAD tumbles as sellers seize control below key technical levels

• Breaks below moving averages and critical swing zones shift short-term bias lower; 1.3539 eyed if 1.3633 gives way

Canada average weekly earnings for April 4 .43% vs 4.31% last month

• Canada average weekly earnings for April 2025

Bearish pressure below key technical levels for the USDCAD near 1.3722

• Can the sellers keep the pressure on the pair?

Canada May CPI +1.7% y/y vs +1.7% expected

• Canadian May 2025 consumer price index data

Goldman Sachs: Revises USD/CAD forecasts lower to reflect continued CAD optimism

• What is next for USD/CAD

Canada's Carney: The right deal with the US is possible but nothing is assured

• Carney on trade talks with the US

USDCAD squeezes higher, then slips as dovish Fed talk trumps war-premium bid

• Technically, the break above 50 % retrace fails; pair retreats into and then through familiar swing area range

USDCAD extends up to the 38.2% of the move down from the May high

• That retracement level comes in at 1.3722

Canada May PPI -0.5% vs -0.1% expected

• Canada producer price index data

Canada April retail sales +0.3% vs +0.5% expected

• Canadian April 2025 retail sales report along with the May advance data

Canada will introduce a series of countermeasures to help it deal with Trump tariffs

BOC Macklem: Hope is new trade deal will lead to tariffs being removed

• BOC Macklem speaking:

USDCAD battles at key pivot zone ahead of Fed decision

• Buyers trading near the 200 pound moving average. That level will be a key barometer for traders today

Bank of Canada summary of discussions: Underlying inflation pressure could continue

• The minutes of the latest Bank of Canada meeting

"Carney and Trump commit to reaching trade deal within 30 days"

• Something new - they appear to have a 30 day time frame on reaching an agreement