Tag Archives: USDCAD
Focus on USDCAD today – 24th July, 2024
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 […]
Focus on USDCAD today – 16th July, 2024
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 […]
Focus on USDCAD today – 28th June, 2024
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 […]
Rate Cut Uncertain as Canadian Inflation Rose Unexpectedly
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 […]
Focus on USDCAD today – 14th June, 2024
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 […]
Focus on USDCAD today – 10th May 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 10th MAY 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-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 […]
Focus on USDCAD today – 24th April 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 24th April 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-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 […]
Bank of Canada Maintains Interest Rates, Adopts Vigilant Stance on Inflation
In the April resolution, the Bank of Canada maintained its key interest rate at 5%, a move that was largely anticipated. The bank avoided suggesting when rate cuts might begin, citing ongoing inflation risks. Despite acknowledging a reduction in price pressures across many goods and services since their last policy meeting, the bank emphasized uncertainties […]
Focus on USDCAD today – 10th April 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 10th April 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-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 […]
Jobless Numbers Climb in Canada, Fueling Rate Cut Debates
Canada saw its unemployment rate climb to 6.1% in March 2024, an increase from 5.8% the previous month, reaching the highest rate since October 2021 and significantly topping forecasts of 5.9%. The data align with the Bank of Canada’s observations, suggesting that high interest rates are placing considerable strain on the labor market. These figures […]
