Tag Archives: USDCAD

The Canadian dollar slipped against its U.S. counterpart on Monday as Federal Reserve Chair Jerome Powell tempered expectations for another substantial interest rate cut. However, the Loonie managed to retain much of its quarterly gains. USDCAD was down 0.1% at 1.3530 on Monday, with the currency losing 0.3% for the month but posting a 1.1% […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for SEP 4, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (USD/CAD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (USD/CAD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (USD/CAD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Monday, oil price surged 2.92%, closed at $77.10 per barrel, marking its largest gain in two weeks.  This surge was primarily driven by the Libyan government’s declaration of force majeure on all oil facilities in Benghazi, which threatens to significantly disrupt global oil supply.  (US Oil Daily Price Chart)  In addition, rising tensions in […]

On Tuesday, Canada’s annual inflation rate dropped to 2.5% in July, aligning with expectations. Despite this, the Canadian dollar weakened slightly, though USD/CAD slipped 0.1% to close at 1.3620, which was influenced by the significant weakness in the U.S. dollar due to expectations of a potential interest rate cut.  (USD/CAD Daily Price Chart)  The current […]

Soft labor data and a dovish outlook for the Bank of Canada (BoC) halted the Canadian dollar’s rally. The loonie traded at 1.374 per USD, down from its August 9th strength of 1.37. Canada’s unemployment rate remained at 6.4%, its highest level in over two and a half years, despite being below market expectations. The […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for July 24, 2024.  Key Takeaways  Technical Analysis Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for July 16, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for June 28, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

Canada’s annual inflation rate increased to 2.9% in May 2024, up from a three-year low of 2.7% in April. The rise contradicted market expectations of a slowdown to 2.6%. While the inflation rate aligns with the Bank of Canada’s forecast of inflation staying near 3% in the first half of 2024, the halt in the […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for June 14, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]