USD/CAD back into 1.2850 following BoC Poloz comments

Loonie manages to walk back some USD gains, but a middling Poloz could be hampering momentum. Treasury yields are the star of the show this week, sending the Greenback broadly higher. Ther USD/CAD is holding near 1.2840 heading into Thursday's action, after pushing into three-week highs o ...

USD/CAD consolidating close to 1.2870 ahead of Poloz

Bank of Canda Gov. Poloz's speech slated at 20:15 GMT this Wednesday. USD/CAD remains bullish as USD pushes higher led by Treasury yields soaring. The USD/CAD is trading at around 1.2886 up 0.25% on Wednesday in mid-US session.  The USD keeps pushing higher against the Canadian dolla ...

USD/CAD in multi-day peaks near 1.2870, BoC eyed

The Canadian Dollar resumes the downside to the 1.2870 region. Higher US yields keep sustaining the up move in the pair. Governor Poloz, Deputy Governor C.Wilkins to testify before Senate. The greenback continues it march north vs. its Canadian peer on Wednesday, lifting USD/CAD to the area o ...

USD/CAD trading into 1.2850 ahead of BoC’s Poloz speech

US Dollar continuing to make headway against the Loonie as bond yields buoy the Greenback higher. Receding oil on evaporating market tensions and a dovish BoC are contributing to CAD weakness ahead of the BoC's Poloz. The USD/CAD is trading higher in Asia, reaching back into the 1.285 ...

USD/CAD bullish/neutral near term – Scotiabank

FX Strategists at Scotiabank see support in the 1.2780 area in the near term. Key Quotes “USDCAD gains appear to have stalled around anticipated resistance at 1.2850, just above the midpoint of the range from mid-March”. “Momentum signals are modestly bullish and DMI’s ar ...

USD/CAD sidelined around 1.2830 ahead of US data

CAD is slightly appreciating vs. its American peer on Monday. Pair’s upside appears capped at 1.2865/70 band. US New Home Sales and Consumer Confidence next of relevance. After hitting fresh tops above 1.2860 at the beginning of the week, USD/CAD is now correcting lower to the 1.283 ...

USD/CAD hits 1.2850 on the way up the charts

The Dollar rally has stepped the USD/CAD pair back into a bullish trend for now. BoC speech on Wednesday could send the CAD lower again if dovish sentiment remains in the rhetoric. The USD/CAD pair has advanced rapidly, and the pair is trading near 1.2840. The US Dollar has bounded against th ...

USD/CAD risk reversals adopt a bullish bias

USD/CAD turn positive, at highest since March 20. The USD/CAD one-month 25 delta risk reversals (CAD1MRR) are being paid at 0.20 CAD puts vs 0.1 CAD calls on April 18. The risk reversals turned positive on April 21, signaling the implied volatility premium for CAD puts is higher than the implie ...

Poloz send the Lonnie into the hands of the bears, twice

USD/CAD: up up and away on Poloz green light to the Loonie bears. USD/CAD: higher US yields and dollar and bear sentiment on the CAD. Commodity FX has been hammered of late despite the CRB settled around near YTD highs. The Loonie has been in freefall, while Canadian wholesale trade sales mis ...

USD/CAD extends gains above 1.2800 ahead of Poloz

Canadian dollar extends losses ahead of Poloz’s testimony.  USD/CAD up for the fourth consecutive day, supported by a stronger US Dollar.  The Loonie is falling against the fourth-day in-a-row against the US dollar. The USD/CAD broke above 1.2800 and peaked at 1.2839, th ...

USD/CAD bullish/neutral short-term – Scotiabank

FX Strategists at Scotiabank noted the pair should face strong support in the mid-1.2600s. Key Quotes "USDCAD appears to have found short-term resistance around 1.2800, at levels just above the 50 day MA (1.2783) and the 38.2% retracement of the January-March rally (1.2791)” ...

USD/CAD firmer near 1.2800 ahead of BoC

The pair trades in fresh 2-week tops at/beyond the 1.2800 mark. USD firmer across the board, DXY in multi-week highs. BoC’s Poloz, Wilkins speak in Parliament later in the session. The Canadian Dollar is depreciating further vs. its American counterpart on Monday, lifting USD/CAD t ...

USD/CAD hanging around 1.2750, looking for more

The Loonie gave up a lot of ground last week as traders balked at the BoC's surprisingly dovish stance. NAFTA renegotiations will be key to the USD/CAD's momentum going forward. The USD/CAD is sticking to the high notes, trading above 1.2750 in the week's early action ...

USD/CAD flirts with 1.2700 on downbeat CPI

The pair extends the upside to the boundaries of the 1.27 handle. CAD depreciates further in the wake of March’s inflation figures. Canadian CPI rose less than expected last month. The Canadian Dollar remains on the defensive so far today, pushing USD/CAD to fresh daily peaks in level ...

Canada: Headline CPI to rise to 2.5% y/y – TDS

Analysts at TDS expect Canada’s headline CPI to rise further above target to 2.5% y/y, reflecting a 0.5% m/m gain on the month. Key Quotes “The latter should translate to a seasonally adjusted increase of 0.3% m/m. Energy prices should be a net positive on higher gasoline prices. W ...