April tends to be a weak month for USD/CAD – Scotiabank USDCAD Banks
USD/CAD is trading little changed around the 1.37 point. Economists at Scotiabank highlight that seasonal patterns turn more positive for the“It’s worth reiterating that the seasonal backdrop does turn more positive for the CAD in Q2 and Apr in particular tends to be a weak month for USD/CAD .”
“The rejection of support around 1.3650 does reinforce support at the point but it will take a push back above 1.38 to generate a stronger, bullish impulse from here.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD: Technical risks tilted slightly to the downside – ScotiabankUSD/CAD holds range. Economists at Scotiabank note that the technical picture shows that the risks are tilted slightly to the downside. Auguring a per
Read more »
USD/CAD Price Analysis: Falls but faces solid support around the 20-DMAUSD/CAD is erasing last Friday’s gains, hovering at around the 20-day Exponential Moving Average (EMA) at 1.3661 after hitting a daily high of 1.3746.
Read more »
USD/CAD eyes fresh downside below 1.3650 as Fed to sound less-hawkish, Canada CPI eyedThe USD/CAD pair is demonstrating a back-and-forth action around the critical support of 1.3650 in the early Tokyo session. The Loonie asset is expect
Read more »
USD/CAD Price Analysis: Recovery remains elusive below 1.3745USD/CAD renews its intraday high around 1.3680 as it pares the biggest daily loss in more than a week while bouncing off a multi-day-old support line,
Read more »
USD/CAD: Softer Oil, US Dollar rebound tease Loonie buyers ahead of BoC inflationUSD/CAD: Softer Oil, US Dollar rebound tease Loonie buyers ahead of BoC inflation – by anilpanchal7 USDCAD Oil YieldCurve RiskAversion Inflation
Read more »
USD/CAD trims a part of intraday gains, remains below 1.3700 ahead of Canadian CPIUSD/CAD trims a part of intraday gains, remains below 1.3700 ahead of Canadian CPI – by hareshmenghani USDCAD Recession Fed Inflation Currencies
Read more »