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USD/CAD Forecast May 17-21 – Canadian CPI, Retail Sales Next
Article By:
Yohay Elam
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Sunday, May 16, 2021 2:10 PM EDT
The Canadian dollar posted small gains last week, as USD/CAD ended the week just above the 1.21 level. There are six economic releases in the upcoming week. Here is an outlook for the highlights and an updated technical analysis for USD/CAD.
Trading Support And Resistance - Sunday, May 16
Article By:
Daily Forex
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Sunday, May 16, 2021 10:15 AM EDT
The Forex market showed a reduced level of volatility last week, with 19% of the important currency pairs and crosses again moving by more than 1% in value. Volatility is likely to remain relatively low over the coming week.
Treasuries Call The Tune In FX
Article By:
Marc Chandler
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Sunday, May 16, 2021 8:27 AM EDT
The higher than expected US CPI spurred a jump in rates and the greenback, but it proved to be little more than a bull trap. The dollar's upside momentum faded even before the large miss on retail sales ahead of the weekend.
US Dollar Outlook: DXY Index Eyes Retail Sales Data, Yields
Article By:
Rich Dvorak
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Thursday, May 13, 2021 7:44 PM EDT
The US Dollar lost upward momentum on Thursday following yesterday’s influx of strength. USD price action was largely mixed across the board of major currency pairs with USD/JPY downside offsetting USD/CAD upside.
USD/CAD Faces RSI Buy Signal After Clearing September 2017 Low
Article By:
David Song
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Thursday, May 13, 2021 2:47 PM EDT
USD/CAD has cleared the September 2017 low (1.2061), as it has dipped to a fresh yearly low (1.2046) in May. Yet the Relative Strength Index (RSI) is indicating a textbook buy signal as it climbs out of oversold territory and pushes above 30.
Coupang: Online Shopping Is The Wave Of The Future
Article By:
Vivian Lewis
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Thursday, May 13, 2021 2:21 PM EDT
Wall Street tried a recovery today despite new statistics showing inflation risks. The Down Jones (my new joke) gained 400 points but I think the snap-back is too soon.
In this article: NIO, TEVA Also: BMY, BNS, EC, NOK, TSM, VALE, TAIEX, ERIC, CGEN, UUUU, CPNG, CRH, MRK, ORA, KL, TAK
Long Lost Bond Vigilantes Sighted, Gives Dollar Fillip
Article By:
Marc Chandler
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Thursday, May 13, 2021 6:37 AM EDT
It is as if the bond vigilantes were pushed too far. US inflation is accelerating more than expected, and it cannot all be attributed to the base effect, and the Federal Reserve, to many investors, is tone-deaf.
CAD: Hard To Buck The Bullish Trend
Article By:
ING Economics
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Thursday, May 13, 2021 5:37 AM EDT
With the Bank of Canada now a hawkish standout in the G10 space, CAD's rate attractiveness is set to stay relatively high and provide extended support to the currency.
The Dollar Stabilizes But Stocks, Not So Much
Article By:
Marc Chandler
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Wednesday, May 12, 2021 7:24 AM EDT
The markets remain on edge. Asia Pacific and US equities have yet to find stable footing, and inflation fears are elevated. The foreign exchange market has turned quiet as the dollar consolidates its recent losses.
USD/CAD Eyes September 2017 Low As RSI Sits In Oversold Zone
Article By:
David Song
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Tuesday, May 11, 2021 11:21 AM EDT
USD/CAD bounces back from a fresh yearly low as it struggles to extend the series of lower highs and lows carried over from the previous week.
Canadian Banks Are Not In A Lending Mood
Article By:
Norman Mogil
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Monday, May 10, 2021 4:00 PM EDT
It is one thing to stage a recovery from this pandemic-induced recession, but it is entirely a different matter to promote an expansion.
In this article: EWC
