USD/CAD Forecast: Greenback Weighed by Tariff Relief Hopes

USD: Softer amid intra-day volatilityAmid much intra-day volatility, DXY is down around 0.5% on the week. That’s not much, but DXY is now just a whisker away from the lowest levels in two years. The story here is fading US exceptionalism as acknowledged by the Fed in this week’s pre-emptive 50bp rate cut. So far,…

British Steel is to deploy emergency measures in a race against time to save the blast furnaces at Scunthorpe, as the business secretary refused to guarantee the plant could get what it needed in time. The company is understood to be looking at offers of help from more than a dozen businesses to obtain materials…

The MTF Zigzag with 3 Level Indicator is built to display market swings across different timeframes at the same time. Instead of relying on a single timeframe, traders can see how smaller and larger swings align. This makes it easier to identify the overall trend and spot potential reversals. The three zigzag levels highlight minor,…

The Canadian dollar continues to lose ground. In the North American session, USD/CAD is trading at 1.4315, up 0.48% at the time of writing. The Canadian dollar has declined 2.2% in December and is trading at its lowest level since mid-March. Canadian inflation ticks lower to 1.9% Canada’s inflation eased to 1.9% in November, down…