Canadian Dollar Price Forecast: USDCAD Pulls Back to Support post-BoC

September 09, 2020 at 07:30PM

This morning's Bank of Canada rate decision prodded the Canadian Dollar and USD/CAD has sunk down to a key zone of support for a crucial test.

From: James Stanley
Selected by fonecable.com

Search Web: Canadian Dollar Price Forecast: USDCAD Pulls Back to Support post-BoC

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

DailyFX - Market News James Stanley Topbanner

Gold Price Forecast: XAUUSD to bounce higher towards the $1,900 level – ANZ 4 July 2022

Gold trades slightly aboe the $1,810 mark. Economists at ANZ Bank expect the yellow metal to find suppor at current levels and move toward $1,900. Equ

FX option expiries for July 4 NY cut 4 July 2022

FX option expiries for July 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0440-50 558m 1.0470 249m 1.0530 210

Gold Price Forecast: XAUUSD awaits death cross confirmation to resume the downtrend below $1,800 4 July 2022

Gold Price defends minor recovery gains above $1,800 amid US holiday. As FXStreet’s Dhwani Mehta notes, death cross is set to ring knell for the yello

Steel Price extends losses as China, Europe signal demand-supply mismatch amid recession fears 4 July 2022

Steel Price recalls bears after a brief absence during the last week as economic fears join the imbalance of the demand-supply matrix. That said, the

Switzerland Consumer Price Index (MoM) came in at 0.5%, above expectations (0.3%) in June 4 July 2022

Switzerland Consumer Price Index (MoM) came in at 0.5%, above expectations (0.3%) in June

Switzerland Consumer Price Index (YoY) above expectations (3.2%) in June: Actual (3.4%) 4 July 2022

Switzerland Consumer Price Index (YoY) above expectations (3.2%) in June: Actual (3.4%)

Natural Gas Futures: Some consolidation appears on the cards 4 July 2022

CME Group’s flash data for natural gas futures markets noted open interest dropped for the second session in a row on Friday, this time by just 303 co

EUR/USD stabilizes above 1.0430 amid lackluster DXY, Fed minutes in focus 4 July 2022

The EUR/USD pair is oscillating in a narrow range of 1.0424-1.0445 in the early European session. The asset has turned sideways as the US dollar index

Germany Trade Balance s.a. came in at €-1B, below expectations (€2.4B) in May 4 July 2022

Germany Trade Balance s.a. came in at €-1B, below expectations (€2.4B) in May

Germany Trade Balance s.a. below expectations (€2.4B) in May: Actual (€1B) 4 July 2022

Germany Trade Balance s.a. below expectations (€2.4B) in May: Actual (€1B)

Germany Imports (MoM) above expectations (1.2%) in May: Actual (2.7%) 4 July 2022

Germany Imports (MoM) above expectations (1.2%) in May: Actual (2.7%)

Germany Exports (MoM) below forecasts (-0.3%) in May: Actual (-0.5%) 4 July 2022

Germany Exports (MoM) below forecasts (-0.3%) in May: Actual (-0.5%)

Gold Price Forecast: XAU/USD rebound eyes $1,830 ahead of Fed Minutes and US NFP 4 July 2022

Gold Price (XAU/USD) picks up bids around $1,812 while stretching the previous day’s recovery from a multi-day low heading into Monday’s European sess

Gold Price Forecast: XAUUSD has more room on the downside 4 July 2022

Gold closed the third straight week in negative territory. As FXStreet’s Eren Senfgezer notes, the technical outlook shows that the bearish bias stays

USD/CAD eases from 1.2900 as escalating recession fears trim DXY’s appeal 4 July 2022

The USD/CAD pair is facing barricades around the round-level resistance of 1.2900 as expectations of lower growth forecasts in the US economy have wea

Crude Oil Futures: Scope for further decline 4 July 2022

Advanced prints from CME Group for crude oil futures markets noted investors trimmed their open interest positions for the third straight session on F

NZD/USD defends 0.6200 at two-year low even as options market disagrees with bulls 4 July 2022

NZD/USD pares recent losses at a 26-month low, up 0.80% around 0.6210 heading into Monday’s European session, as the US dollar retreats from a two-wee

Gold Futures: Further upside appears unlikely 4 July 2022

Open interest in gold futures markets recorded the second daily drop in a row on Friday, now by just 330 contracts according to preliminary readings f

USD/JPY attempts to sustain above 135.00 as focus shifts to Fed minutes 4 July 2022

The USD/JPY pair has remained subdued in the Asian session, following the footprints of the US dollar index (DXY). The major slipped lower at the open

USD/TRY retreats towards $16.70 despite fears of bumper inflation from Turkiye 4 July 2022

USD/TRY braces for Turkish inflation data as it snaps a two-day uptrend around the highest levels in a week during early Monday morning in Europe. Tha

Canadian Dollar Price Forecast: USDCAD Pulls Back to Support post-BoC

September 09, 2020 at 07:30PM

This morning's Bank of Canada rate decision prodded the Canadian Dollar and USD/CAD has sunk down to a key zone of support for a crucial test.

Search Web: Canadian Dollar Price Forecast: USDCAD Pulls Back to Support post-BoC

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Leave a Reply

Tesla Stock Has A Dead Cat Bounce

Euro Turns Positive, but Expectations for Dovish ECB Keeps Traders on Edge

September 09, 2020 at 07:30PM

This morning's Bank of Canada rate decision prodded the Canadian Dollar and USD/CAD has sunk down to a key zone of support for a crucial test.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

Leave a Reply

Related Post