USD/CAD Price Forecast: Bulls target 100-day SMA as hawkish Fed expectations underpin USD
News brief
The USD/CAD pair builds on the previous day's goodish rebound from the 1.3670 area, or a one-week low, and attracts buyers for the second straight day on Tuesday. Spot prices climb to a two-month high during the early part of the European session amid a firmer US Dollar (USD). The USD/CAD pair builds on the previous day's goodish…
Why traders care
For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment.
What to watch next
- Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
The USD/CAD pair builds on the previous day's goodish rebound from the 1.3670 area, or a one-week low, and attracts buyers for the second straight day on Tuesday. Spot prices climb to a two-month high during the early part of the European session amid a firmer US Dollar (USD). USD/CAD gains positive traction for the second straight day… The USD/CAD pair builds on the previous day's goodish rebound from the 1.3670 area, or a one-week low, and attracts buyers for the second straight day on Tuesday. Spot prices climb to a two-month high during the early part of the European session amid a firmer US Dollar (USD). USD/CAD Price Forecast: Bulls target 100-day SMA as hawkish Fed expectations underpin USD · FundoraPro News
USD/CAD gains positive traction for the second straight day amid a broadly firmer USD.Fed rate cut bets emerge amid war-driven inflation fears and revive the USD demand.A modest pickup in Oil prices underpins the Loonie and might keep a lid on spot prices.The USD/CAD pair builds on the previous day's goodish rebound from the 1.3670 area, or a one-week low, and attracts buyers for the second straight day on Tuesday.… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline. USD/CAD Price Forecast: Bulls target 100-day SMA as hawkish Fed expectations underpin USD · FundoraPro News
