Tag - cad - canadian dollar

USDCAD has reached the support level, and smart money gains positions. Do you want to learn what is the next target for the pair? Read the full article!

Oil prices rebounded slightly on Friday but are still expected to show losses for the week due to concerns about slowing growth in the US and China. US crude futures rose 2.7% to $70.41 per barrel, while the Brent contract increased by 2.5% to $74.33 per barrel.

Oh, the poor Canadian Dollar. It's been underperforming against the US Dollar lately, extending its losses from last week. What's causing this unfortunate turn of events? Well, it's none other than crude oil - a key export of Canada. The black gold has been taking a beating lately, with WTI down almost 7 percent in recent times. This has been caused by fears of a global growth slowdown, as...

As we move away from the bank crisis and de-dollarization concerns, a significant question on the minds of many traders is whether the US Dollar will experience a corrective rebound from its current position. This is a crucial question because it will set a precedent for predicting the price action of various commodities, particularly gold

Happy Monday, traders! The last week was hot and full of US economic data that shook the market almost daily. The market is volatile, and it’s fantastic for day traders. Here’s what will create price swings this week:

Inflation in the US is slowing down. CPI was released lower than the expectations. But the market still believes in the future rate hikes. What to expect?

Well, well, well, looks like the OPEC Conference had an Extraordinary 183rd Meeting on the 31st of March, and made some changes. They gave the International Energy Agency (IEA) the boot and replaced them with Wood Mackenzie and Rystad Energy as their secondary sources for oil supply and demand...

I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...

Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...

News is always important part of the market. What do we expect today?

So far, the year 2023 has been eventful across several financial markets. As we step into March, it's time to prepare for the benefits the markets have in store

We prepared an outlook of major events of this week. Check it and be ready!