CAD

USDCAD initially fell after BOC rate cut but bounced back on hawkish outlook and economic concerns, with potential for further rate cuts weighed against strong consumer spending and housing market dynamics. Technical analysis points to key resistance levels to watch for.

Greg Michalowski

11/12/2024 | 19:41 GMT

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Greg Michalowski

11/12/2024 | 19:41 GMT

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News

ANZ recommends selling AUD/CAD, targeting 0.86

Sell AUD/CAD from around 0.91

Eamonn Sheridan

11/12/2024 | 00:36 GMT

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Eamonn Sheridan

11/12/2024 | 00:36 GMT

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News

Bank of Canada preview: The storm clouds are gathering in the Canadian economy

The markets is priced for another 50 basis point rate cut

Adam Button

10/12/2024 | 21:02 GMT

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Adam Button

10/12/2024 | 21:02 GMT

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Technical Analysis

Buyers have the USDCAD at the highest levels since 2020 ahead of the BOC rate decision

What would weaken the bullish bias going forward and break the back of the bullish bias?

Greg Michalowski

10/12/2024 | 15:09 GMT

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Greg Michalowski

10/12/2024 | 15:09 GMT

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Technical Analysis

USDCAD Technical Analysis – Back at the highs ahead of the US CPI

The USDCAD pair is back at the highs with the US CPI report looming. What’s next?

Giuseppe Dellamotta

10/12/2024 | 10:20 GMT

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Giuseppe Dellamotta

10/12/2024 | 10:20 GMT

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Central Banks

The Bank of Canada is expected to cut by 50bp again this week - preview

Bank of Canada statement due at 1445 GMT, which is 0945 Eastern time on Wednesday, December 11, 2024

Eamonn Sheridan

09/12/2024 | 23:33 GMT

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Eamonn Sheridan

09/12/2024 | 23:33 GMT

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MUFG trade of the week: We stay long USD/CAD

USDCAD extends to a new 4+ year high. What discredits the bullish bias in the short term?

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USDCAD finds sellers against the highs for the week

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Canada October building permits -3.1% vs -5.0% expected

USDCAD bounces back after initial declines failed to reach key targets

ANZ recommends selling AUD/CAD, targeting 0.86

Bank of Canada preview: The storm clouds are gathering in the Canadian economy

Buyers have the USDCAD at the highest levels since 2020 ahead of the BOC rate decision

USDCAD Technical Analysis – Back at the highs ahead of the US CPI

The Bank of Canada is expected to cut by 50bp again this week - preview

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