As the Fed prepares for an interest rate cut in its September meeting, expectations are rising that the greenback may weaken, making investments in foreign currencies more attractive. Also, driven by a...
The (USDCAD) is consolidating after the strong gains of the past 2 weeks, but appears to have upside momentum to gravitate to triangle resistance (on the weekly chart) by early May sometime. With the...
The (USDCAD) continues consolidating but should be seeing a volatility surge soon as the triangle (on the weekly chart) nears completion. Before bulls get excited, they’ll want to see the USDCAD close...
A strong U.S. dollar in 2022 caused the Canadian dollar to move lower. However, the C$ made a higher low against the U.S. dollar in 2022 compared to the March 2020 pandemic-inspired low. In early 2023,...
The (USDCAD) has bounced strongly off the November low, and is suddenly testing the 61.8% Fib retrace of the October to November slide. For now, the USDCAD appears to want to complete the Bull Flag consolidation...
The trend is always your best friend in markets. In the commodities asset class, April was a bullish month and a continuation of the trend over the past year. Higher commodity prices are bullish for the...
The price action in the commodities asset class has been the most bullish in years since last March and April when prices fell to bottoms because of the global pandemic. As Australia and Canada are substantial...