ICE canola futures fell nearly 2% amid uncertainties over China’s shifting import policies and growing global oilseed supplies. While Canadian government support aids producers, changing demand dynamics and larger soybean crops are weighing on prices. Traders remain cautious as market signals evolve.
ICE canola futures declined as markets reacted to shifts in China’s rapeseed import patterns and evolving support measures from the Canadian government. Reduced Chinese demand and favorable Western Canadian crop prospects are weighing on prices amid typical seasonal and technical pressures.
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USD/CAD rebounds from session lows to trade near 1.3847 amid mixed economic data from the US and Canada. While the pair holds a bullish technical outlook supported by key moving averages, traders remain cautious ahead of upcoming economic releases that could sway the trend. Stay tuned for developments that may test resistance near 1.3900. #forex #USDCAD #trading
U.S. dollar plunges after Non-Farm Payrolls report reveals only 22,000 jobs added versus expected 185,000. Markets reassess Fed policy, boosting EUR/USD past 1.08 resistance, GBP/USD inching higher, USD/CAD and USD/JPY also pressured. Signs of labor market slowdown shift currency dynamics.
USD/CAD bounced back strongly after mixed U.S. and Canadian jobs reports. The U.S. added more jobs than expected with rising wages, while Canada’s job numbers disappointed amid a rate cut by the Bank of Canada. This divergence has lifted the greenback against the loonie, pushing USD/CAD toward key resistance levels.
USD/CAD remains rangebound near 1.3650 as markets await key August employment reports from the US and Canada. Brown Brothers Harriman highlights cautious trading ahead of data that could shape Fed and BoC rate outlooks. Investors look for clear signals before making decisive moves.
USD/CAD remains in a corrective phase but holds key support at 1.3604, suggesting upside risk toward 1.3784 resistance. Diverging monetary policies, oil price dynamics, and mixed economic data shape the pair’s outlook. Traders should watch for a decisive breakout that could resume the broader bullish trend. Full analysis: ActionForex.com
Gold prices are gaining momentum after establishing a key daily low, signaling fresh upside potential. Technical patterns and supportive macro factors—like a softer US dollar, subdued real yields, and expectations of future Fed rate cuts—are aligning for a bullish outlook. Watch resistance near $2,040–$2,050 for next decisive moves.
Gold prices have established a daily low near $2,260, confirming key support and signaling renewed upside potential. Driven by easing Fed rate expectations, persistent inflation concerns, geopolitical tensions, and strong central bank demand, gold’s bullish momentum remains intact. Technical setups on 4H and 1H charts suggest a fresh impulse wave could propel XAU/USD higher in the near term. Monitor $2,280 and $2,300 resistance zones as next targets. #GoldMarket #XAUUSD
