Altcoins News
By James Thorp
1 / 15
The USD/CAD pair climbed Friday. Traders watched closely as the currency duo pushed toward the key 1.
2 / 15
Canadian retail sales data crushed expectations this week, sending the loonie tumbling against its southern neighbor.
3 / 15
Meanwhile, the U.S. dollar flexed its muscles across multiple fronts. Department of Labor data revealed unemployment claims dropped more than forecast, painting a picture of…
4 / 15
And traders are paying attention. The 1.3700 level represents more than just a technical barrier - it's a psychological threshold that could unleash significant buying pressure…
5 / 15
Forex strategist Mark Chandler from Bannockburn Global Forex said the setup looks "pretty compelling" for further USD strength. He thinks a clean break above 1.
6 / 15
West Texas Intermediate crude traded near $75 per barrel this week, down from recent highs that had provided some support for the Canadian currency.
7 / 15
Bank of Canada Governor Tiff Macklem speaks February 22 at an Ottawa financial conference. His comments will get dissected for any hints about future rate moves, though most…
8 / 15
The Federal Reserve's meeting minutes drop February 21. Goldman Sachs analysts are watching for any hawkish language that might signal more aggressive tightening ahead.
9 / 15
Currency markets hate uncertainty. Right now, there's plenty of it swirling around both economies, but the U.S. seems better positioned to weather whatever comes next.
10 / 15
Canada's Consumer Price Index hits February 23, giving traders another data point to chew on.
11 / 15
Technical traders are split on what happens next. Some see 1.3700 as a launching pad for higher levels, possibly targeting 1.3800 or beyond.
12 / 15
The energy sector's performance keeps weighing on Canadian dollar sentiment. Oil producers can't catch a break lately, with global demand concerns and oversupply fears creating a…
13 / 15
Geopolitical tensions add another layer of complexity. Trade relationships between the U.S. and Canada remain solid, but broader global uncertainties create ripple effects that…
14 / 15
Market participants are basically holding their breath. The 1.3700 level has been tested multiple times over the past month, and each failed attempt has left bulls more…
15 / 15
Friday's trading session will probably determine short-term direction. Volume tends to be lighter heading into weekends, but significant moves can still happen if the right…
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