Canadian Dollar

USD/CAD finished the year above 1.4000 for the first time since 2002. Threats of tariffs from President-elect Trump have had a big impact in USD/CAD, but this can also bring risk to the U.S. side of the equation.

USD/CAD is closing out its strongest year since 2015. But that prior episode led to a mean-reverting market that held for the next nine years.

While the Trump bump may have been the catalyst, the USD/CAD rally was largely driven by extremes in both sentiment and momentum. A breakdown of the Loonie breakout.

USD/CAD surged to fresh yearly highs - bulls vulnerable into major resistance. Battle lines drawn on the weekly technical chart.

Tariff threats have weakened the CAD and strengthened the US Dollar, but it seems that Trump is joking while Canadian Premiers have started to propose pre-emptive threats.

The USD/CAD rally extended into uptrend resistance ahead of tomorrow’s Bank of Canada rate decision. Battle lines drawn on the USD/CAD short-term charts.

USD/CAD put in a massive spike last week after a threat of 25% tariffs on Canada, but when that move pulled back buyers continued to hold support at the key level of 1.4000.

USD/CAD surged to fresh yearly highs as Trump threatens a 25% tariff on Canada- bulls vulnerable into major resistance. Battle lines drawn on the weekly technical chart.

The BoC is expected to boost its efforts in normalizing monetary policy, with the central bank anticipated to reduce the benchmark interest rate by 50bp in September to 3.75% from 4.25%.

Canada’s CPI is projected to slow for the fourth consecutive month in September, with the headline reading seen falling to 1.8% from 2.0% per annum in August.

The US Dollar is surging for a second week with a 1.6% rally in USD/CAD now approaching pivotal resistance. Battle lines drawn on the weekly technical chart.

The USD/CAD recovery is approaching initial resistance hurdles ahead of tomorrow’s US employment report. Battle lines drawn on the short-term technical charts.

A Canadian Dollar offensive is underway with USD/CAD erasing the September rally post-Fed. Bears eyeing key support. Levels that matter on the weekly technical chart.

USD/CAD continues to hold a range inside of a range, but CAD/JPY is bristling at resistance after having set a fresh 16-year high last week.

Canadian Dollar is on the defensive for a third week with USD/CAD rallying nearly 2% off the yearly low. The levels that matter on the weekly technical chart.

In this week’s edition, we discuss the dollar and its impressive rally and the Canadian dollar.