Elliott Wave analysis of the S&P 500 for October 2025 suggests the index is in a corrective wave C stage after completing waves A and B post-July 2023 high. Wave C could extend lower toward 3700, aligning with typical Fibonacci targets. Caution advised as the market may face further downside before resuming any major uptrend. Stay tuned for updates.
Canadian employment surprised to the upside in August, adding 39,900 jobs and fueling a rebound in the CAD. This shift has reversed recent USD/CAD gains as markets reassess BoC’s rate path amid stronger labor market data. Watch how this influences Canadian monetary policy and currency trends going forward. #FX #USDCAD #BankofCanada
Canadian employment surged by 90,400 jobs in April versus 20,000 expected—the largest monthly gain since early 2023. This strong labor report reversed USD/CAD’s recent rally, pushing the pair below key support and signaling renewed strength in the CAD. The Bank of Canada may now lean toward a less dovish stance amid solid wage growth and broad-based job gains.
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USD/CAD remains range-bound as markets await the upcoming Canadian employment report. Strong labor data could bolster the Canadian dollar, pressuring USD/CAD lower, while weaker figures may push the pair higher. Traders watch closely amid divergent Fed and BoC policy signals and fluctuating oil prices.
U.S. dollar pulled back after Trump’s tariff threats on China reignited trade war concerns. This pushed the Dollar Index below key support and boosted major currencies like the euro and pound. Market eyes Fed rate outlook and geopolitical risks as EUR/USD tests 1.09 and GBP/USD heads toward 1.28.
USD/CAD has closed above 1.40 for the first time in six months, driven by a hawkish Fed, cautious Bank of Canada, strong U.S. economic data, and softening oil prices. This key technical level signals shifting market dynamics amid diverging central bank policies and economic outlooks. Traders should monitor inflation, interest rate trends, and energy markets for further direction.
USD/CAD breaks above 1.40 for the first time in six months amid widening central bank divergence and oil price concerns. The Fed’s hawkish stance contrasts with the Bank of Canada’s recent rate cuts, while weaker Canadian growth and volatile crude weigh on the loonie. Markets eye further USD strength as inflation pressures persist globally.
USD/CAD trading remains dynamic as crude oil price swings and divergent Fed and BoC policies shape market sentiment. With the Fed’s hawkish tilt supporting the US dollar and Canada’s economy showing softness amid volatile oil, key resistance around 1.3730 will be critical. A daily close above this could signal a move toward 1.3800. Traders should watch economic data and central bank signals closely for directional cues.
The Canadian dollar hit a six-month low this week, sliding below 1.3760 USD amid broad U.S. dollar strength, weaker oil prices, and a key technical level break. Challenges from sticky U.S. inflation, delayed Fed rate cuts, and soft crude demand continue to weigh on the loonie’s outlook.
