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USD/CAD Remains Under Selling Pressure Below 1.3530 Amid Weaker US Dollar, Higher Oil Prices
Article By:
Lallalit Srijandorn
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Wednesday, April 3, 2024 9:50 PM EDT
The USD/CAD pair trades on a softer note near 1.3520 on Thursday during the early Asian trading hours. The rise of crude oil prices to their highest levels since October boost the commodity-linked Loonie.
USD/CAD Analysis: Tight Price Realm Displayed As Crucial Data Awaits
Article By:
Robert Petrucci
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Wednesday, April 3, 2024 5:34 AM EDT
Yesterday’s trading in the USD/CAD continued to display equilibrium in the currency pair for the time being, however important jobs data is coming from the U.S which is sure to stir up volatility.
Gold, Oil, And Interest Rates Rise
Article By:
Marc Chandler
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Tuesday, April 2, 2024 8:56 AM EDT
The market put more weight on the rise in the US ISM manufacturing survey than the downward revision to the manufacturing PMI and the unexpected back-to-back decline in construction spending.
China PMI Is Better Than Expected But The Greenback Still Rises Above CNY 7.23
Article By:
Marc Chandler
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Monday, April 1, 2024 8:08 AM EDT
The dollar is trading quietly against the G10 currencies as European markets remain on holiday. Narrow ranges have prevailed. The dollar-bloc currencies are leading with minor gains, perhaps helped on the margins by better-than-expected Chinese PMI.
Light Blue Skies Ahead For Canadian Heavy Oil Producers
Article By:
Keith Schaefer
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Saturday, March 30, 2024 1:40 PM EDT
It feels like the start up of the new Trans Mountain pipeline has been coming for years. Now the day is truly upon us – the Trans Mountain Expansion is expected to start up in less than three months. This will be a boon for Canadian oil producers.
When To Cash In On Your Winners
Article By:
The Dividend Guy
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Saturday, March 30, 2024 12:40 PM EDT
All investors share a similar goal: Making profit. So, how do you know when to cash in on your winners? Say a stock is up 20%, 50%, or even 75%. Will it keep going up? Is it about to crash? It seems that selling winners isn’t easy.
April 2024 Monthly
Article By:
Marc Chandler
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Saturday, March 30, 2024 11:18 AM EDT
The macroeconomic and geopolitical developments have not changed substantially over the past month. The resilience of the US economy allows the Federal Reserve to put more emphasis on achieving price stability.
In this article: FXE, FXA, FXB, FXC, FXF, FXY, UUP, BNO, WTI, QQQ, DIA, OIL, UCO, UGA, UNG, USO, SPX
United States GDP Expanded In Fourth Quarter By 3.4%
Article By:
Daily Forex
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Friday, March 29, 2024 6:59 AM EDT
US GDP grows 3.4% in Q4 2023, with consumer spending and investment up. Dollar steady, stocks unmoved. Canada's GDP rebounds, hinting at solid 2024 start.
USD/CAD Could Halt Losing Streak Amid A Stronger Greenback, Clings To 1.3540
Article By:
Akhtar Faruqui
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Friday, March 29, 2024 12:30 AM EDT
USD/CAD hovers around 1.3540 during the Asian hours on Friday, showing signs of potentially ending its four-day losing streak. However, trading volumes are expected to be light due to Good Friday.
The Great Canadian Debate Is Underway Why Productivity Is So Poor
Article By:
Norman Mogil
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Thursday, March 28, 2024 5:04 PM EDT
To say that the financial markets in Canada, bank lending and equity markets, are denying the private sector capital is without foundation.
In this article: EWC
Forex Today: Fed’s Waller - No Rush To Cut Rates, Prospect Of Hikes Remote
Article By:
Adam Lemon
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Thursday, March 28, 2024 6:47 AM EDT
US Fed member Waller spoke about the Fed’s thinking a few hours ago, reiterating the message of recent months – the Fed won’t rush into any rate cuts and current conditions do not support cuts and suggested the prospect of rate hikes is very remote.