Bank of Canada’s June meeting minutes reveal a cautious stance amid an uncertain economic outlook. Policymakers emphasize patience and data dependency before further rate moves, noting sticky core inflation and global risks. The central bank cut rates by 25bps but stresses the need for sustained inflation decline and clear economic signals before easing further.
The U.S. dollar is under pressure as Federal Reserve policy speculation intensifies. Comments from former Soros CIO Scott Bessent suggest an imminent rate cut amid signs of slowing inflation and labor market cooling. Major pairs like EUR/USD and GBP/USD are reacting strongly, with the euro and sterling gaining ground. The evolving economic data and central bank signals will be crucial in determining the dollar’s near-term path. #ForexAnalysis #USD
USD/CAD bulls face resistance as upward momentum falters near 1.3650. Technical signs point to weakening strength with bearish RSI divergence and a flattening MACD. Support around 1.3570 is key—breaking it may lead to deeper corrections, while a push above 1.3700 could revive the rally. Fundamentals remain mixed amid resilient US dollar and strong oil-driven CAD gains. #Forex #USDCAD
USD/CAD struggles to break above 1.3800 as the Canadian dollar shows limited strength amid mixed market signals. While the U.S. dollar gains support from robust economic data and higher Treasury yields, the Loonie faces headwinds from subdued oil prices and dovish Bank of Canada cues. Traders remain cautious ahead of upcoming economic releases and central bank decisions.
USD/CAD struggles to hold momentum below 1.3800 amid a lack of bullish catalysts. Despite resilient US economic data, mixed market sentiment and softer oil prices weigh on the loonie, keeping the pair in consolidation. Key resistance near 1.3800 remains a hurdle for further upside.
USD/CAD shows signs of cautious recovery after dipping near 1.3625. Key resistance at 1.3761 must be cleared to confirm bullish momentum. Watch technical indicators and macro drivers for potential shifts amidst ongoing oil price and central bank policy influences. #forex #USD #CAD
USD/CAD nears a critical support zone around 1.3750 after a pullback from recent highs in a volatile market. This confluence area involves multiple technical indicators and could determine whether the pair resumes its uptrend or extends its correction. Watch price action closely for signals on next moves.
USD/CAD is showing signs of building bullish momentum and edging toward a breakout above key resistance near 1.3540. Technical indicators like the 50 EMA, RSI, and MACD support further upside potential toward 1.3600–1.3660. On the fundamentals side, stronger-than-expected US inflation and labor data bolster the dollar, while softer Canadian GDP and cautious Bank of Canada outlook weigh on the loonie. Monitor price action around support at 1.3450 for indications of sustained upward pressure. Traders should stay alert to Fed and BoC updates as these will be key drivers of the pair’s near-term trajectory. Full analysis extended from Economies.com insights.
USD/CAD is gaining bullish momentum as it approaches key resistance at 1.3515, supported by solid technical signals like the EMA50 and positive MACD readings. Diverging central bank policies and stable oil prices further reinforce a potential upward continuation toward 1.3590 and beyond. Watch for a sustained break above resistance to confirm the trend. #Forex #USDCADAnalysis
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