The FXGT Blog

Canada at a Crossroads: Deficits, Rate Cuts, and a Fragile Recovery

Canada grapples with deficits, weak industrial recovery, shifting monetary policy, and trade tensions, fueling an uncertain economic outlook.

Andreas Thalassinos

Big Test Ahead for USDCAD as Markets Eye Jobs and PMI Services Data

USDCAD remains under bearish pressure; upcoming jobs and PMI data may act as key catalysts, potentially shaping the pair's next directional move.

USDCAD Slides Ahead of Key Economic Releases

As we move through the latter half of the week, markets are bracing for several high-impact economic releases that could influence volatility across GBP and USD pairs. La...

Tariffs Trade War Reshapes Markets and Alliances

The escalating trade war triggered by President Trump's sweeping tariffs on Canada, Mexico, and China is sending shockwaves through global markets...

USDCAD in Focus as PMI Data and Trade Tensions Drive Market Sentiment

USDCAD Reverses Tariff-Driven Surge as Oil Gains Boost the Loonie

The USDCAD currency pair spiked to 1.47920 in early February following Trump's tariff announcement but subsequently reversed, falling over 3.3% due to technical weaknesse...

USDCAD in Focus: Key Jobs Data Poised to Trigger Market Volatility

Key labor market reports from Canada and the U.S. are due today at 17:30 (GMT+2), likely driving USDCAD volatility.

Jobs Report & USDCAD: Slowing Growth, Stable Market, or a Shift Ahead?

As markets brace for the December jobs report, expectations point to a slowdown in hiring, with projected gains of 155,000 to 160,000 jobs, down from November's impressiv...

The Week Ahead: Key Economic Events to Watch for December 23 - 27, 2024 

With the Christmas holidays this week, markets will navigate a lighter schedule but still feature several high-impact economic events and corporate earnings reports.

Trump's Tariff Proposal Sparks Bullish Momentum for USDCAD

The USDCAD currency pair has experienced a sharp reversal after reaching a low of 1.34186 in October, signaling a bullish shift driven by key technical patterns and funda...

USDCAD on the Rise: Technical Reversal and Global Forces Driving Momentum

USDCAD's recent upward shift from a September low highlights a reversal driven by converging technical patterns and momentum signals.

Interest Rate Cuts, Global Tensions, and Bullish Momentum: The Forces Shaping Canada's Economic Outlook

The Canadian economy and financial markets are currently shaped by significant developments

USDCAD Under Pressure: Market Dynamics, Geopolitical Tensions, and Key Data Awaited

After the Bank of Canada reduced the key interest rate by 25 basis points to 4.5% in July, the USDCAD decreased due to geopolitical tensions, rumors of a potential recess...

USDCAD Under Pressure: Geopolitical Turmoil and Rising Oil Prices Impact the Loonie

The USDCAD is dropping as geopolitical unrest forces oil prices to surge by more than 4% putting pressure on the Loonie...