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Today's Forex News

USD/CAD Price Analysis: Stuck in tight range below 1.3700

The USD/CAD pair stays on sidelines below the round-level resistance of 1.3700 in Tuesday's European session. The Loonie asset consolidates as investors await the release of the United States Producer Price Index (PPI) and the Consumer Price Index (CPI) data for April, which will be published at 12:30 GMT and on Wednesday, respectively.FX Street2024-05-14

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Lower As Powell Sends Dovish Signals

Fed Chair Powell noted that PPI data was mixed and pointed to revisions of the March report.FXEmpire2024-05-14

Additional News:



Currency Exchange Snow Lakel - FAQ

Currency exchange in Snow Lakel is limit to banks or credit unions, kiosks and dealers. Shopping around for currency exchange service if the exchange amount is over $500 Canadain for most customers. Make sure to compare rate at the same time, ask fee structure beside exchange and inquire about time frame to settle the fund.

Each currency exchange dealers, which include banks, credit unions and other dealers, offer similar but different rate. The difference is getting more significantly, when the exchange amount is getter larger, such as over $10,000 Canadian dollar. Shop around is still the best way to get the best currency exchange rate. Please make sure when you compare the rate, ask when the money will be available, what is other fees. The general idea is the more convenient locaiton, the worse rate applied.

Snow Lake is a town in Manitoba, Canada, located 685 km north of Winnipeg at the end of Provincial Road 392. The main industry is, and always has been, mining; currently with one mine producing Zinc. In late 2009, it was discovered[by whom?] that the Snow Lake area could have[clarification needed] one of the largest gold-rich VMS deposits in Canada[citation needed]. The official Town of Snow Lake is a very large, overwhelmingly rural area that is centered about the urban community of Snow Lake, which lies very near its geographical center. The Town is as large in area as a typical rural municipality in the more southern parts of Manitoba.

Historical Forex News

USD/CAD holds positive ground above 1.3650, focus on Fedspeak

USD/CAD holds positive ground above 1.3650, focus on FedspeakFX Street2024-05-13

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Forecast: Weekly Losses to be Recovered?

Subsequently, the exchange rate rebounded but nevertheless closed the week with losses. At the time of writing, GBP/CAD was trading at C$1.7094 - almost 0.4% below last week's closing levels.ExchangeRates2024-05-13

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Losing Ground At The Start Of The Week

The American currency is moving lower as traders wait for catalysts.FXEmpire2024-05-13

USD/CAD retreats from 1.3700 as US Dollar falls sharply, US Inflation in focus

The USD/CAD pair falls back sharply while attempting to recapture the round-level resistance of 1.3700 in Monday's American session. The Loonie asset comes under pressure as the US Dollar falls sharply due to firm speculation that the Federal Reserve (Fed) will start reducing interest rates from the September meeting.FX Street2024-05-13

USD/CAD advances to near 1.3700 as US Dollar remains firmer

The USD/CAD pair edges higher to near 1.3690 during the Asian trading hours on Friday. The upward correction in the US Dollar (USD) supported the pair, which could be attributed to the hawkish sentiment surrounding the Federal Reserve (Fed) to keep higher interest rates for an extended period.FX Street2024-05-10

Technical Analysis – USDCAD slips beneath 20-day SMA

Technically, the MACD oscillator is holding beneath its trigger line in the positive area; however, the RSI is weakening and is moving horizontally near the neutral threshold of 50.XM2024-05-10

Pound Canadian Dollar (GBP/CAD) Stumbles as BoE Posts Dovish Rate Hold

At the time of writing, GBP/CAD traded at around CA$1.7096, a fall of roughly 0.3% from Thursday's opening rates. The Pound (GBP) came under pressure on Thursday in the wake of the latest interest rate decision from the Bank of England.ExchangeRates2024-05-10

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Away From Session Highs

U.S. dollar is swinging between gains and losses as traders react to the disappointing Michigan Consumer Sentiment report.FXEmpire2024-05-10

USD/CAD falls sharply to 1.3630 as strong Canadian Employment numbers

The USD/CAD pair faces a sharp sell-off to 1.3630 in Friday's early New York session as Statistics Canada has posted strong Canadian Employment data. The agency showed that the employers hired 90.4K job-seekers in April, significantly higher than the consensus of 18K.FX Street2024-05-10

USD/CAD Price Analysis: Stays on sidelines above 1.3700

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3700 in Thursday's European session after correcting from its weekly high of 1.3760. The Loonie asset struggles for direction as the firm US Dollar keeps the downside supported, while strength in the Canadian Dollar due to a sharp recovery in the Oil price restricts the upside.FX Street2024-05-09

GBP/USD Bulls Struggle While USD/CAD Regains Strength

On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2635 zone. The British Pound traded below the 1.2550 support to move into further a bearish zone against the US Dollar.Action Forex2024-05-09

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Lower As Initial Jobless Claims Jump To 231,000

Signs of job market weakness may force the Fed to be less hawkish, which is bearish for the American currency.FXEmpire2024-05-09

USD/CAD slumps to 1.3700 on weak US Jobless Claims, recovery in Oil price

The USD/CAD pair falls sharply to the round-level support of 1.3700 in Thursday's early American session. The Loonie asset faces selling pressure due to multiple headwinds such as sharp fall in the US Dollar after higher-than-expected Initial Jobless Claims (IJC) for the week ending May 3 and a strong recovery in the Oil price that strengthens the Canadian Dollar.FX Street2024-05-09

USD/CAD Price Analysis: Extends upside to 1.3750 as US Dollar recovers

The USD/CAD pair advances to the crucial resistance of 1.3750 in Wednesday's European session. The Loonie asset strengthens as the US Dollar recovers losses induced by Federal Reserve (Fed) Chair Jerome Powell's slight less-hawkish guidance on interest rates than expected after the monetary policy decision last week in which he remains leaned towards reducing interest rates this year.FX Street2024-05-08

GBP/CAD Exchange Rate Wavers despite Canadian PMI Strength

At the time of writing GBP/CAD was trading at CAD$1.7181, virtually unchanged from Tuesday's opening rate. The Pound (GBP) was mixed on Tuesday amid a lack of macroeconomic releases in the UK.ExchangeRates2024-05-08

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Some Ground In Choppy Trading

USD/JPY moved above the psychologically important 155.00 level as traders ignored intervention risks.FXEmpire2024-05-08

USD/CAD rebounds above 1.3650 amid firmer US Dollar, lower crude oil prices

USD/CAD rebounds above 1.3650 amid firmer US Dollar, lower crude oil pricesFX Street2024-05-07

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Higher Despite Falling Treasury Yields

U.S. Dollar Index climbed above the 105.00 level as the rebound continued.FXEmpire2024-05-07

Weekly Technical Outlook – USDJPY, GBPUSD, USDCAD

The week ahead will be light in terms of US data releases, but a couple of Fed speakers will be on the wires to comment on monetary policy and perhaps fuel fresh volatility in the greenback. Meanwhile in Japan, the central bank will release the summary of opinions from its April meeting on Thursday, likely providing some insight about the timing of the next rate hike.XM2024-05-07

USD/CAD faces pressure near 1.3700 as US Dollar struggles for firm footing

The USD/CAD pair consistently faces pressure near the round-level resistance of 1.3700. The Loonie asset is broadly sideways around 1.3680 due to the absence of top-tier United States economic data this week.FX Street2024-05-07

USD/CAD remains on the defensive below 1.3700, focus on Fedspeak, Canadian PMI data

USD/CAD remains on the defensive below 1.3700, focus on Fedspeak, Canadian PMI dataFX Street2024-05-06

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Flat Amid Lack Of Catalysts

Forex markets are calm, but USD/JPY continues to rebound after the recent sell-off.FXEmpire2024-05-06

USD/CAD edges down to 1.3650 as US Dollar drops, Oil price rebounds

The USD/CAD pair falls after failing to recapture the crucial resistance of 1.3700 in Monday's early New York session. The Loonie asset slips to 1.3650 due to multiple headwinds: a decline in the US Dollar and a sharp recovery in the Oil price.FX Street2024-05-06

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Forecast: UK Central Bank in Focus

The Pound Canadian Dollar (GBP/CAD) exchange rate was mixed last week amid conflicting data and market volatility. The pairing closed the week at around CAD$1.7151.ExchangeRates2024-05-06

US Dollar Forecast: USD/CAD Ascending Channel Remains Intact

USD/CAD continues to trade within the ascending channel from earlier this year as it rebounds from the 50-Day SMA (1.3611), and the exchange rate may attempt to retrace the decline from the start of the month should it track the positive slope in the moving average.Forexcom2024-05-06

USD/JPY, USD/CAD, AUD/USD key levels into Nonfarm Payrolls (NFP)

The US dollar fell for a second day after the Fed closed the door on any further hikes. And that places today's nonfarm payroll report (NFP) into focus.Forexcom2024-05-03

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Unemployment Rate Rises To 3.9%

The Non Farm Payrolls report missed analyst expectations, putting additional pressure on the American currency.FXEmpire2024-05-03

USD/CAD falls to near 1.3700 amid higher crude Oil prices, risk-on mood

USD/CAD extends its losses for the second successive day, hovering around 1.3710 during the European session on Thursday. This improved risk appetite supports risk-sensitive currencies like the Canadian Dollar (CAD), consequently, undermining the USD/CAD pair.FX Street2024-05-02

USD/CAD Price Analysis: Holds position above 1.3750 amid resurging bullish sentiment

USD/CAD trades around 1.3780 during the early European hours on Wednesday, hovering within an ascending channel on the daily chart. The 14-day Relative Strength Index (RSI) also positioned above 50, indicating a resurgence of bullish sentiment.FX Street2024-05-01

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back Ahead Of Fed Decision

Forex traders are cautious ahead of the key event of the week.FXEmpire2024-05-01

USD/CAD Price Analysis: Hovers near 1.3700 within the ascending channel

USD/CAD consolidates within the ascending channel on the daily chart, with the 14-day Relative Strength Index (RSI) positioned above 50, indicating a recovery of bullish sentiment. The pair edges higher to near 1.3700 during the European session on Tuesday.FX Street2024-04-30

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Traders Bet On Hawkish Fed

The disappointing CB Consumer Confidence report did not put pressure on the American currency.FXEmpire2024-04-30

USD/CAD rises above 1.3700 as strong US Q1 Employment Cost Index, weak Canadian GDP

The USD/CAD pair rises above the crucial resistance of 1.3700 in Tuesday's early American session. The Loonie asset strengthens as the US Dollar extends recovery after the United States Bureau of Labor Statistics (BLS) reported stronger-than-expected Q1 Employment Cost Index data.FX Street2024-04-30

USD/CAD remains under selling pressure below 1.3650 on a softer US Dollar

USD/CAD remains under selling pressure below 1.3650 on a softer US DollarFX Street2024-04-29

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Treasury Yields Fall

USD/JPY is losing ground amid likely interventions from the BoJ.FXEmpire2024-04-29

USD/CAD remains supported above 1.3640 ahead of Fed's policy announcement

The USD/CAD pair holds auction above the immediate support of 1.3460 in Monday's early American session. The Loonie asset finds support as the US Dollar Index (DXY) rebounds after discovering buying interest near the previous week's low of around 105.46.FX Street2024-04-29

US Dollar Forecast: USD/CAD Trades in Ascending Channel with Fed on Tap

USD/CAD holds above the former-resistance zone around the December high (1.3620) ahead of the Federal Reserve interest rate decision, and the exchange rate may continue to trade within an ascending channel should it tracks the positive slope in the 50-Day SMA (1.3590).Forexcom2024-04-29

US Dollar Tanks Ahead of Fed Verdict, NFP Data - EUR/USD, GBP/USD, USD/CAD

This article explores the fundamental and the technical outlook for the U.S. dollar, zeroing in on three popular and very liquid pairs: EUR/USD, GBP/USD and USD/CAD.DailyFX2024-04-29