04.12.2019: CAD in suspense ahead of BoC policy decision (USDХ, USD/CAD)

The US dollar is still losing ground across the board with its index trading at near the lowest level in a month. The pound sterling has benefited the most from the dollar’s weakness. The Canadian dollar has also retreated from its lows ahead of the policy meeting of the Bank of Canada. Lately, Donald Trump threatened again that […]

22.11.2019: USD aims to close week in green (USDХ, USD/CAD)

Demand for the US dollar remains moderate. Traders are hesitating to open massive long deals on the US dollar amid uncertain market sentiment. The Canadian dollar received a boost froma rally of oil prices. The US dollar index is trading sideways at around 97.66. The index opened the New York trade at 97.98 and later briefly touched the […]

20.11.2019: CAD to extend weakness (USDХ, CAD, JPY)

Escalating trade tensions between the US and China boost demand for the US dollar. The Canadian dollar has incurred losses from falling oil prices and comments of the Bank of Canada top official who signaled a possible rate cut. The loonie could extend a decline due to the broad-based strength of the greenback and growing risk-off sentiment. The […]

18.11.2019: Is USD consolidating or losing ground? (USDХ, USD/CAD)

The US dollar is slipping against the basket of six major currencies while the Canadian dollar is set for recovery. On the whole, the currency market is trading under low volatility, though the pound sterling has been showing the strongest dynamic. Over the weekend, British Premier Boris Johnson gave a convincing speech about tax relief for businesses. So, […]

18.11.2019: Traders selling off JPY and USD in Asian trade (USDX, JPY, USD, AUD)

During the Asian session, traders pursued the cautious trade amid uncertainty over the US-China trade deal and a possible cut in China’s repo rate for the first time since 2015. Besides, the ongoing protests in Hong Kong added fuel to the fire. As a result, the decline in the yield of US Treasuries undermined the US dollar across […]

14.11.2019: Why has USD got stuck at highs? (USDХ, USD/CAD)

Demand for safe haven assets is increasing. Yields of 10-year US Treasuries have settled down below 1.85% while bond prices are going up. Market participants are fretted awaiting details on the date and venue of the meeting where the US and China’s leaders will sign the first phase trade deal. The US dollar benefits from trade uncertainty. Meanwhile, […]

20.09.2019: USD weighed down by world’s central banks monetary policies (USDX, JPY, USD, AUD)

Massive weakening of the US dollar became the main driving force in the Asian-Pacific session in the last trading day of this week. The optimistic news on Brexit and easing trade tensions between the US and China gave hope to the market participants. However, the escalating geopolitical tensions in the Middle East are reducing appetite for risk among […]

29.10.2019: USD maintains upward momentum (USDХ, USD/CAD)

The US dollar was retreating ahead of the Fed monetary policy meeting. The volatility is very likely to increase in the nearest future. Everything will depend on the actions and rhetoric of Jerome Powell and his team. Meanwhile, the Canadian dollar was trading flat. The market sentiment remains positive. Amid this optimism, the appetite for risk has increased. […]

31.10.2019: USD weakens. Will it last long? (USDХ, CAD, JPY)

The US dollar has weakened across the board, trading at weekly lows. Jerome Powell’s comments turned out to be less hawkish than markets expected which led to a decline in the American currency. However, the Canadian dollar was not able to benefit from the greenback’s weakness. It has been the worst month for the American dollar since the […]

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