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Forex trading

USD, CAD, Gold, Copper, VIX, Wall Street analysis: COT report

Asset managers reached a record level of net-short exposure to VIX futures, days before prices fell to a record low. Traders also remain net-long USD despite losses in recent weeks.

Research

Canadian dollar analysis: USD/CAD knocking on key 1.3605 support

USD/CAD is forming a potential descending triangle pattern into 1.3650 support ahead of key data tomorrow.

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March 23, 2023 07:33 PM
Research

US CPI preview: Fed rate expectations dive, USD/CAD tests 1.37

In the wake of the implosion of SVB, traders are dialing down their expectations for Fed hawkishness next week...

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March 13, 2023 02:54 PM

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Research

Will USD/CAD break key resistance at 1.35 after soft Canadian CPI?

The just-released Consumer Price Index (CPI) in Canada rose 5.9% year-over-year in January...what does that mean for USD/CAD?

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February 21, 2023 02:21 PM
Bank notes of different currencies

Fiat Money: What is a Fiat Currency?

A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.

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February 17, 2023 04:05 PM
Research

BOC Governor Macklem sticks to the script, USD/CAD consolidates

The bank's latest forecast shows the annual rate of inflation slowing to around 3% by the middle of 2023, and reaching 2.5% by the fourth quarter.

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February 7, 2023 08:00 PM
Research

Market pricing and economists favour a 25bp hike from the BOC tomorrow

Market pricing and the consensus among economists firmly points towards a 25bp hike from the BOC tomorrow.

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January 24, 2023 12:11 AM

USD/CAD: A tale of two labor markets

Traders are still digesting last week’s US jobs report, but one thing is clear: The US labor market is outperforming Canada’s...

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August 9, 2022 08:57 PM
Downward trend

Technical view: CAD/JPY’s rally is lagging…are we seeing a reversal?

Fundamental trends show no imminent signs of reversing, but CAD/JPY’s chart nonetheless suggests that there may be an opportunity for one or both of these currencies to reverse some of this year’s moves.

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July 28, 2022 02:36 PM

Don’t sleep on USD/CAD’s consolidation at 1.25! The key levels to watch this week

Friday’s Canadian jobs report will be worth watching - see why!

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April 4, 2022 08:00 PM
Gold Sand

Two trades to watch: USD/CAD, Gold

USDCAD battles hawkish Fed & higher oil prices. Gold could come under pressure as Fed Powell talks hikes.

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March 22, 2022 08:18 AM
Currency exchange rate board of multiple currencies

Weekly COT report: Divergences form between FX prices and trader positioning

As the data was compiled ahead of the FOMC meeting its likely there are some distortions in this week’s speculative positioning report.

Canadian CPI at 30-year highs, USD/CAD bears remain in control

Canada’s annual inflation rate just rose to 4.8%, its highest level since 1991 - how will that impact USD/CAD?

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January 19, 2022 04:16 PM

Bank of Canada meeting preview: BOC inching closer to rate hikes

We expect the BOC to reiterate that the Canadian economy is on track for a full recovery next year, and that an interest rate hike cycle could begin as soon as H1...

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December 6, 2021 02:32 PM
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Asian Open: Tech Stocks Buck the Trend as Equities Move Lower

Technology stock diverged from the broader selloff on Wall Street as bonds yields were dragged lower as tensions between US and China resurfaced.

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October 27, 2021 11:13 PM
Downward trend

EUR/CAD: Lopsided short positioning may hint at a bullish reversal

When a market is seeing lopsided short positioning in deeply oversold territory after an historic collapse, the risks of an abrupt trend change start to rise...

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October 13, 2021 03:32 PM
Close-up of market chart

European Open: UK Data Dump and US CPI in Focus

A batch of UK data kicks off today’s session at 07:00 BST, although it is arguably US CPI which may steal the limelight given it remains a ‘hot’ topic.

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Asian Open: Traders Increase $7.2 billion to Net-Long USD exposure

Traders were their most bullish on the US dollar against other currencies at their highest level since June 2019, ahead of Friday’s Nonfarm payrolls miss.

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October 10, 2021 10:42 PM

Canadian election: Liberals fail to secure majority: USD/CAD; AUD/CAD

Trudeau’s efforts to secure a majority went unnoticed as voters kept things the same

September 21, 2021 05:28 PM
Germany flag

Two trades to watch: DAX 40, USD/CAD

The DAX 30 expands to DAX 40 and comes under pressure along with European peers amid rising prices, energy crisis and concerns over central banks tapering. USD/CAD rises as oil prices fall and Canadian's head to the polls in Federal elections

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September 20, 2021 03:41 AM

Canadian election preview: AUD/CAD in focus as Liberals cling to a tiny lead

The most likely scenario is a minority government, meaning that the winning party will have to collaborate with other parties to reach a consensus about new policies...

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September 14, 2021 12:07 PM
Currency prices

Canadian Employment Change in line as data continues to show improvement

With a string of positive jobs data from Canada, the BOC may feel like they are in a better position to continue with their tapering at the next meeting

September 10, 2021 01:05 PM

USD/CAD: Loonie a loser as Bank of Canada cites supply chain risks

The BOC’s monetary policy statement confirmed the risks to the global economy, especially for export-dependent, growth-sensitive currencies like the Canadian dollar...

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September 8, 2021 11:54 AM