Canadian Dollar Rate Forecast: CAD Slips On Housing Data, Outlook Positive

Canadian Dollar Rate Forecast Key Takeaways: USD/CAD Price Forecast: Pullback to 200-DMA may provide a shorting opportunity Multiple fundamental factors backing Bullish technical view on CAD IG UK Client Sentiment Highlight: Retail long activity jumps, bias for downside emerges The risks that were causing traders to price out Bank of Canada rate hikes seem to […]

A Strong Dollar Policy Versus Trade Wars

Talking Points: There are many themes that jostle for influence over the Dollar, but monetary policy and traditional growth are clearly losing sway Cross currency influence still carries considerable weight, but political risk (trade wars) seems the most active theme Trade wars that involve the US as a participant are short-term and long-term negative for […]

US Dollar Smashed After CPI: When Good News Goes Bad

Talking Points: – The US Dollar saw a quick-spike on the back of yesterday’s US CPI report, but that strength was short-lived as sellers came back with aggression to push the Dollar back down towards three-year lows. The total movement from yesterday’s high to this morning’s low constitutes a -1.7% move in the Greenback. – […]

NFP Price Action Setups Around the U.S. Dollar

Tomorrow brings January NFP’s to the table, and next week brings the Bank of England’s Super Thursday. The U.S. Dollar remains pinned-down near three-year lows, and we look at a variety of setups around the Greenback in this webinar. Talking Points: – If you’re looking to improve your trading approach, our Traits of Successful Traders […]