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Canadian Dollar Outlook - USD/CAD Continues to Threaten Support as Oil Prices Jump


Canadian Dollar Outlook - USD/CAD Continues to Threaten Support as Oil Prices Jump
2021-06-01 12:00:00
Nick Cawley,
Strategist
Canadian Dollar Price (USD/CAD), News, and Analysis:
Oil prices threaten multi-year highs.
USD/CAD eyeing a break below 1.2000.
The Canadian dollar remains strong against the US dollar and continues to press down on psychological support at 1.2000, a level that the pair has been unable to break conclusively in the past weeks. The dominant themes of a weaker US dollar and a Canadian dollar boosted by the ongoing oil rally and a hawkish Bank of Canada remain in place, leaving support for the pair under increasing pressure. ....

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EUR/USD Chops on ECB Confusion, Oil Prices Jump on OPEC Sources


EUR/USD Chops on ECB Confusion, Oil Prices Jump on OPEC Sources - US Market Open
2021-03-03 14:59:00
Justin McQueen,
Analyst
OPEC Sources Prompt Oil Lift
QUICK TAKE: EUR/USD Chops on ECB Confusion, Oil Jumps on OPEC Sources
Equities: Heading into the Wall Street open equity markets have begun to drift lower with US 10yr yields hitting session highs of 1.48%. The overall direction remains relatively mixed with Monday’s gain slowly being chipped away. Soft ADP employment data (117k vs 177k exp.) hasn’t helped proceedings, however, it is important to note that the ADP is not exactly the best indicator for NFP, having overstated jobs gains by 125k last month. ....

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