I Buy the Dip, Sell the Blip — What Does It Mean? What Does It Mean to Buy the Dip or Sell the Blip in Trading? Have you ever heard the phrase “buy the dip” or “sell the blip” and wondered what it really means? While interpretations vary, the core idea is simple…
The Canadian Dollar caught a much-needed boost against the US Dollar on Friday. Bearish Loonie flows reversed direction after the US Dollar took a hit post-NFP. Souring US jobs data has knocked the Greenback sharply lower. The Canadian Dollar (CAD) came out on top after a messy US Nonfarm Payrolls (NFP) release shattered global positioning…
Canada BoC Interest Rate Decision meets expectations (2.75%) Source link
The Canadian Dollar sharply pared back near-term gains on Friday. US President Donald Trump has announced that his team is ending all trade talks with Canada. Canadian GDP growth contracted in April, adding further downside pressure to Loonie flows. The Canadian Dollar (CAD) backslid on Friday, falling back on a combination of weakening Canadian Gross…
USD/CAD trades near 1.3575 as markets digest a mixed US Retail Sales ahead of Wednesday’s Fed rate decision. Elevated Oil prices and geopolitical risks in the Middle East limit losses for the Canadian Dollar. USD/CAD remains in a descending wedge, while the Relative Strength Index signals a pause in bearish momentum. The Canadian Dollar (CAD)…
The USD/CAD pair has fallen below 1.3600, which is now providing resistance. Israel’s attack on Iran fails to support a broader recovery for the US Dollar. Inflation expectations in the US continue to decline, putting pressure on the US Dollar. The Canadian Dollar (CAD) is trading higher against the US Dollar (USD) in the American…
The Canadian Dollar firmed up on Friday, but Greenback flows rallied harder, driving a rebound in USD/CAD. US NFP net job gains came in stronger than expected, overshadowing Canadian job numbers. Key post-tariff US CPI inflation figures loom large next week; Canadian data docket runs out of gas. The Canadian Dollar (CAD) saw firm gains…
The Canadian Dollar found a new eight-month peak against the US Dollar on Wednesday. The BoC held rates steady at its latest interest rate decision, giving the Loonie a boost. Global markets await the next episode in Donald Trump’s tariff and trade wars, limiting Greenback flows. The Canadian Dollar caught a rally on Wednesday, bolstered…
Canada Consumer Price Index – Core (MoM): 0.4% (April) vs -0.2% Source link
USD/CAD weakens to around 1.3950 in Tuesday’s early Asian session. Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar. A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower…