FX Outlook: Time to War, long the CAD!

EUR/CAD 4H Chart Marco View: The Eurozone's economy remains stagnant with slow disinflation, driven by weak industrial production and unfavorable inflation results in Germany, France, and Spain. Consumer inflation expectations…

Comments Off on FX Outlook: Time to War, long the CAD!

FX Outlook: Eyes on Today RBA Interest Rate Decision!

AUD/CAD 4H Chart Marco View: Today, all eyes are on the Reserve Bank of Australia's (RBA) interest rate decision at 11:30 a.m. (GMT+8). Market consensus suggests the RBA will maintain…

Comments Off on FX Outlook: Eyes on Today RBA Interest Rate Decision!

USDCAD On the Run Despite US Credit Downgrade 

The USDCAD currency pair is looking to complete its sixth daily gain in the last seven days, as a sustainable breakout looks imminent despite the recent US credit rating downgrade.…

Comments Off on USDCAD On the Run Despite US Credit Downgrade 

USDCAD Under Firm Bearish Pressure As US Inflation Cools.

The USDCAD currency pair is enjoying a bearish trading session despite the BoC’s decision to keep the cash rate unchanged in June as the cooler-than-expected inflation data from the US…

Comments Off on USDCAD Under Firm Bearish Pressure As US Inflation Cools.