USD/CAD edges higher around 1.3660 amid mixed Canadian jobs data showing strong employment gains but rising unemployment. The U.S. dollar’s resilience, combined with ongoing market focus on Fed and BoC rate outlooks and oil price swings, is keeping the pair on a modest uptrend. Traders remain attentive to unfolding labor and central bank signals.
— VT Markets
USD/CAD may be nearing a key trend reversal as diverging central bank policies take center stage. With the Bank of Canada easing rates and the Fed holding steady amid mixed inflation signals, market watchers anticipate shifts in interest rate expectations that could pressure the USD against the loonie. Traders should monitor upcoming economic data and policy guidance closely. Adapted from analysis by James V. Kostohryz on Seeking Alpha.
USD/CAD is gaining bullish momentum as technical indicators and economic fundamentals point to further USD strength over CAD. Key support holds above 1.3405 with resistance near 1.3580–1.3660. US robust labor data and cautious Fed stance contrast with dovish Bank of Canada and weaker Canadian GDP, supporting the uptrend. Traders should watch for a possible push toward 1.3750 if bullish signals sustain. #Forex #USDCAD #CurrencyTrends
USD/CAD remains in consolidation amid a bullish trend from late 2025. Key levels to watch: support at 1.3350 and resistance at 1.3500. Fed’s hawkish stance supports USD strength, while softer oil prices and cautious BoC policy weigh on CAD. Technicals hint at potential upward momentum if resistance breaks.
Forex Today: The Reserve Bank of Australia surprises markets with a hawkish stance, maintaining a tightening bias to tackle persistent inflation concerns. Meanwhile, the threat of a US government shutdown delays the crucial January jobs report, adding uncertainty to the US dollar outlook and global market sentiment.
USD/JPY and USD/CAD show signs of mean-reversion risk in February after strong moves into 2024. USD/JPY faces intervention concerns near 150 amid dovish BoJ and cautious Fed signals, while USD/CAD may retreat as oil prices stabilize and CAD positioning normalizes. Watch key support and resistance for potential pullbacks as markets seek balance.
GBP/USD remains steady near 1.3700 as investors weigh Federal Reserve policy outlook following Kevin Warsh’s warnings about potential US economic overheating. While Fed officials maintain a dovish stance, markets balance inflation concerns with optimism from the UK’s vaccine rollout and US stimulus prospects. Key upcoming data and policy signals will guide near-term moves.
The S&P 500 hit an all-time high of 5049 on Feb 1, 2026, completing a key Elliott Wave five-wave impulse pattern that began with the 2020 COVID low. This suggests the long-term bull market may be ending and a major correction could follow. Investors should watch for confirmation signals and prepare accordingly. Full analysis: https://ewminteractive.com/elliott-wave-analysis-sp500-february-2nd-2026
This week’s forex outlook centers on global central banks’ policy moves and former Fed Governor Kevin Warsh’s Congressional testimony. With inflation uncertainty and geopolitical risks shaping markets, Warsh’s remarks may signal shifts in U.S. monetary policy, while key data and decisions from the RBA, BoE, and BoC add layers of complexity for traders worldwide.
USD/CAD is showing signs of hesitation after recent declines, stabilizing near key support around 1.3370. Technical indicators suggest bearish momentum is fading, but sustained recovery depends on breaking resistance near 1.3450. Traders should watch for confirmation before signaling a trend reversal. #forex #USDCAD
