Canadian Dollar Forecast: Key USD/CAD Levels to Watch, Significant Reversal?

Canadian Dollar Forecast: Key USD/CAD Levels to Watch, Significant Reversal? https://www.dailyfx.com/forex/market_alert/2022/05/09/Canadian-Dollar-Forecast-USDCAD-Surge-Facing-Hurdles.html USD/CAD eyeing multi-year highs as risk sentiment sours.

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EUR/USD hits two weeks highs above 1.0600 27 June 2022

The EUR/USD rose further during the American session and climbed to 1.0614, reaching the highest level in two weeks. The euro pulled back under 1.0600

United States 5-Year Note Auction up to 3.271% from previous 2.736% 27 June 2022

United States 5-Year Note Auction up to 3.271% from previous 2.736%

WTI jumps from below the 100-EMA, and approaches $110 on OPEC+ cutting its surplus 27 June 2022

Western Texas Intermediate, aka WTI, records a solid bounce after testing the 100-EMA on the downside near $105.88 a barrel near the daily low and got

US: May’s Durable Goods Orders report shows no signs of slowing in the manufacturing sector – Wells Fargo 27 June 2022

Data released on Monday showed Durable Goods Orders rose more than expected in May. Analysts at Wells Fargo point out the report presented gains despi

Brexit: UK's Truss says they don't rule out using Article 16 down the line 27 June 2022

British Foreign Minister Liz Truss said on Monday that they don't rule out using Article 16 further down the line, as reported by Reuters. "Triggering

USD/CHF rejected just above 0.9600, approaches June lows 27 June 2022

The USD/CHF dropped to 0.9541 in American hours, hitting a fresh daily low. Earlier the pair peaked at 0.9620 before turning to the downside amid a we

United States 2-Year Note Auction increased to 3.084% from previous 2.519% 27 June 2022

United States 2-Year Note Auction increased to 3.084% from previous 2.519%

AUD/USD settles around 0.6940s on a weak US dollar 27 June 2022

The AUD/USD seesaws from daily highs around 0.6958 printed during the Asian session and dipped towards daily lows near 0.6910, in a narrow trading ran

US: Atlanta Fed GDPNow for Q2 rises to 0.3% 27 June 2022

According to the Federal Reserve Bank of Atlanta's GDPNow model, the US economy is expected to expand by 0.3% in the second quarter, up from the June

OPEC+ lowers 2022 market surplus forecast to 1 million bps – Reuters 27 June 2022

Citing an internal report prepared for the upcoming Joint Technical Committee meeting, Reuters reported on Monday that OPEC+ trimmed its oil market su

Polestar Stock Forecast: PSNY drops 11% in second day of trading 27 June 2022

Polestar (PSNY) stock began trading last Friday on the Nasdaq as it completed its SPAC merger deal with Gores Guggenheim (GGPI) to take it public. The

US: Dallas Fed Manufacturing Index plunges to -17.7 in June vs. -3.1 expected 27 June 2022

The headline General Business Activity Index of the Federal Reserve Bank of Dallas' Texas Manufacturing Survey plunged to -17.7 in June from -7.3 in M

Alibaba Stock Forecast: Rare double rising window pattern spells bullish trend for BABA 27 June 2022

By moving up more than 2% to $120.20 on Monday, Alibaba (BABA) stock is now even for the year. After dropping precipitously in March, touching a six-y

United States Dallas Fed Manufacturing Business Index below forecasts (-3.1) in June: Actual (-17.7) 27 June 2022

United States Dallas Fed Manufacturing Business Index below forecasts (-3.1) in June: Actual (-17.7)

US: Pending Home Sales rise by 0.7% in May vs. -3.7% expected 27 June 2022

The monthly data published by the National Association of Realtors showed on Monday that Pending Home Sales rose by 0.7% on a monthly basis in May fol

AUD/NZD to break the 1.12 top seen in 2018 and reach new highs – SocGen 27 June 2022

AUD/NZD has been following a regular bullish trend since the end of last year. Economists at Société Générale expect the pair to reach new highs above

United States Pending Home Sales (YoY) came in at -13.6% below forecasts (-9.8%) in May 27 June 2022

United States Pending Home Sales (YoY) came in at -13.6% below forecasts (-9.8%) in May

United States Pending Home Sales (MoM) above forecasts (-3.7%) in May: Actual (0.7%) 27 June 2022

United States Pending Home Sales (MoM) above forecasts (-3.7%) in May: Actual (0.7%)

Gold Price Forecast: Russia import ban unlikely to impact XAUUSD – TDS 27 June 2022

G7 members are set to ban imports of Russian gold to tighten the sanctions squeeze on Moscow. Nonetheless, the yellow metal is expected to shrug off

USD/JPY consolidates around 135.00 mark, downside potential seems limited 27 June 2022

The USD/JPY pair attracted some dip-buying on the first day of a new week and rallied over 100 pips from the daily swing low, around mid-134.00s. Spot

Canadian Dollar Forecast: Key USD/CAD Levels to Watch, Significant Reversal?

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