The petroleum-linked Canadian Dollar may fall as global demand for cycle-sensitive commodities like crude oil decline. Policymakers have warned that a Depression-like downturn may be ahead.
Blogs
Yen Ended Higher, Dollar Mixed, Despite Risk Rally
<p>Global stock markets were some what supported by talks of staged exit of coronavirus lockdown. There was optimism that finally a cure for the virus too. Nevertheless, the extended rebound in stocks were not much reflected in the currency markets. Yen ended the week as the strongest one, followed by Sterling. New Zealand Dollar was [&hellip
The Weekly Bottom Line: Closures Hit March Economic Data Hard
<p>U.S. Highlights Equity markets are poised for their second week of gains, buoyed by the White House’s guidelines for re-opening the economy. The price of oil touched an 18-year low, driven by the historic drop in demand. March economic indicators showed a dramatic drop in activity, even though shutdowns only got underway mid-month. J
Week Ahead: Green Shoots
<p>Green shoots are emerging as discussions have begun as to when to bring life to each person’s hope. As each country, state, city, and town remains in its own coronavirus reality, green shoots are emerging as discussions have begun as to when to bring life to each person’s hope. Economic data this week for March […]
USD/CAD Trades Inside a Classic Technical Pattern
<p>The US Dollar was bearish against all of its major pairs on Friday. On the U.S. economic data front, the Leading Index fell 6.7% on month in March (-7.2% expected), from a revised -0.2% in February. On Monday, no major economic data is expected. What happened in the FX market Friday? EUR/USD gained 32pips to […]
EUR/USD Price Analysis: Euro gets Friday bounce, ends the week near 1.0870 level
EUR/USD is trading below the main SMAs on the daily chart as the spot rebounds modestly before reaching the 1.0800 figure.
US Dollar Index Price Analysis: DXY on track to end the week below the 100.00 mark
DXY is trading above the main SMAs on the daily chart on track to end the week below the 100.00 mark.
US and Canada: Key data for next week – NFB
Analysts at the National Bank of Canada take a look at next’s week key economic numbers to be released in Canada and in the US. Key Quotes: “In Canada
Head of Bundesbank Weidmann: Too Early to say if Measures Adopted are Enough
<p>It is too early to say whether measures aimed at supporting the Eurozone economy in the context of coronavirus impact will be sufficient, the head of the German Bundesbank Jens Weidmann said in an interview with Bloomberg, adding that monetary and fiscal policies aimed at stimulating growth will remain necessary for some time to come.<b