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EURCAD

Analysis

Analysis - 9 months agoNeutral

EURCAD hovers around 1.4500 area as volatility drops SMAs’ convergence points to a sizeable move soon Momentum indicators send mixed messages EURCAD is trying to record its third straight green candle as it continues to hover around the 1.4500 area. The bears remain in control and enjoying an almost 4% gain since November 21, 2023 peak of 1.5043 as volatility has been dropping aggressively lately.
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Analysis - 1 year ago

Canadian labour data in sight but market prepping for next week’s BoC meeting – Forex News Preview

With the July Bank of Canada meeting gradually creeping into the traders’ minds, this week’s calendar is unlikely to tip the balance in favour of another rate hike or a rate pause. Nevertheless, the loonie might enjoy a boost as the euro/loonie pair is trading very close to its 2023 lows. Market split on the next BoC decision The focus this week will understandably be on the US labour market data and their likely impact on the end-of-July Fed meeting.
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Analysis - 1 year agoBearish

Technical Analysis – EURCAD heads towards its winter lows

EURCAD is marking its sixth week of losses, falling by more than 4.0% since creating a bearish double top structure around a two-year high of 1.5111. The pair is currently eyeing the key base of 1.4257, where the price pivoted higher in January and February. The 38.2% Fibonacci retracement of the previous upleg is also making this area important to watch ahead of the BoC rate decision due today at 14:00 GMT.
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Analysis - 2 years agoNeutral

Technical Analysis – EURCAD approaches 100-day SMA as bearish pressures ease

EURCAD has steadied in the 1.4675 region following the sharp pullback from around the 1.5100 level where a double top was formed. However, despite the bearish signal, the pair remains above its long-term moving averages and the momentum indicators are pointing to an easing of the selling pressure. The fast stochastic (%K) has just crossed above the slow stochastic (%D), though they both remain within the oversold area, while the RSI has flatlined slightly below the 50 neutral level.
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Analysis - 2 years ago

Daily Market Comment – Dollar extends fall as CPI data and Fed minutes corroborate pivot bets

Headline CPI rate drops by a full percentage point, core ticks up Investors still expect another 25bps hike, but maintain rate cut bets Fed minutes reveal that some officials considered pausing Dollar slips as investors continue to see rate cuts later this year The US dollar extended its slide against all the other major currencies yesterday after the March CPI data revealed that headline inflation in the US slowed by more than anticipated and after the minutes from the latest FOMC de
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Analysis - 2 years ago

Will the Eurozone PMIs allow the ECB to continue raising rates? – Forex News Preview

Following the market turbulence triggered last week by concerns about the stability of the global banking system, investors have been scratching their heads to figure out how central banks may proceed henceforth. The ECB disappointed those expecting a smaller-than-telegraphed hike at its last meeting, turning the spotlight to incoming data for its future decisions.
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