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Today's Forex News

USD/CAD Price Analysis: Remains subdued near 1.3700 as US Dollar slips

The USD/CAD pair remains feeble near the round-level support of 1.3700 in Tuesday's European session. The Loonie asset comes under pressure as the US Dollar drops amid improvement in the risk appetite of the market participants.FX Street2024-04-23

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As Composite PMI Misses Expectations

The weaker-than-expected PMI data put pressure on the American currency.FXEmpire2024-04-23

Additional News:



Currency Exchange Brandon - FAQ

Currency exchange in Brandon 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.

Brandon is the second-largest city in the province of Manitoba, Canada. It is located in the southwestern corner of the province on the banks of the Assiniboine River, approximately 214 km (133 mi) west of the provincial capital, Winnipeg, and 120 km (75 mi) east of the Saskatchewan border. Brandon covers an area of 77.41 km2 (29.89 sq mi) and has a population of 48,859,[2] while its census metropolitan area has a population of 58,003.[3] It is the primary hub of trade and commerce for the Westman region as well as parts of southeastern Saskatchewan and northern North Dakota, an area with a combined population of over 180,000 people.[4]The City of Brandon was incorporated in 1882,[5] having a history rooted in the Assiniboine River fur trade as well as its role as a major junction on the Canadian Pacific Railway.[6] Known as The Wheat City, Brandon's economy is predominantly associated with agriculture;[7] however, it also has strengths in health care, manufacturing, food processing, business services, and transportation.[8][9]Brandon is an important part of the higher education network in Manitoba, with several notable facilities located in the city including Brandon University, Assiniboine Community College, and the Manitoba Emergency Services College.[10] Canadian Forces Base Shilo is located 30 km (19 mi) east of Brandon and maintains close ties with the city.[11] Brandon's Keystone Centre, one of the largest consolidated entertainment, recreation, convention, and agriculture complexes in Canada,[12] is the home of the Brandon Wheat Kings and the Royal Manitoba Winter Fair.

Prior to the influx of people from Eastern Canada, the area around Brandon was primarily used by the Sioux people, the Bungays, the Yellow Quills, and the Bird Tails.[14] In the 1870s and early 1880s, the Plains Bison were nearly wiped out by over-hunting. With the destruction of their staff of life, the buffalo, the nomadic Sioux people began to agree to settle in reservations such as the Sioux Valley Dakota Nation, or left the area entirely.French Canadians also passed through the area on river boats on their way to the Hudson Bay Post, Fort Ellice located near present-day St. Lazare, Manitoba. The city of Brandon gets its name from the Blue Hills south of the city, which got their name from a Hudson's Bay trading post known as Brandon House, which got its name from a hill on an island in James Bay where Captain James had anchored his ship in 1631.[14] During the 1870s it was believed by most that the transcontinental railway would take a northwesterly direction from Portage la Prairie. Many thought that the route would most likely go through either Minnedosa or Rapid City, Manitoba because they were both located at natural river crossings. Rapid City was the front runner for the site of the new railway and had prepared for the impending building boom accordingly. But suddenly, in 1881, the builders of the railway decided to take a more westerly route from Winnipeg, towards Grand Valley.[14] Grand Valley was located on the northern side of the Assiniboine, opposite the side of the river where present-day Brandon sits.

According to the 2016 Census,[23] the population of Brandon is 48,859, a 6.1% increased from 2011, making it the second largest city in Manitoba. Brandon's land area is 77.41 km2 with a population density is 631.2 people per km2. The median age is 36.3 years old which is almost 5 years younger than the national average at 41.2 years old. There are 21,485 dwellings in Brandon with an occupancy rate of 94.3%, and the median cost of a dwelling at $264,781, much lower than the national average at $341,556.As far as education goes, for those between 25 and 64 years old 57.0% have a post-secondary schooling degree, 29.8% have a high school degree (or equivalent) and 13.2% have no certificates, diplomas or degrees. The unemployment rate is 7.3% in Brandon, lower than the national average at 7.7%. The median household income before taxes is $65,960, and after taxes at $57,008. As of 2016, 88.8% of Brandon's residents are Canadian citizens. About 5.5% of residents are recent immigrants (from 2011 to 2016). Brandon is 70.1% white, 16.3% visible minorities and 13.6% aboriginal. The largest visible minority groups in Brandon are Latin American (5.0%), Chinese (3.8%), South Asian (3.0%), Black (2.1%) and Filipino (1.1%). English is the mother tongue of 80.3% of residents. Other common first languages were Spanish (4.5%), Chinese Languages (3.2%) French (1.3%), Ukrainian (1.3%), Gujarati (1.2%), and German (1.2%).

Historical Forex News

USD/CAD Price Analysis: Extends losing spell for fourth trading session

The USD/CAD pair continues its losing streak for the fourth trading session on Monday. The Loonie asset drops to 1.3720 as investors have underpinned the Canadian Dollar against the US Dollar despite multiple headwinds.FX Street2024-04-22

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

U.S. dollar stabilized near multi-month highs as traders remained focused on the recent changes in Fed policy outlook.FXEmpire2024-04-22

USD/CAD trims gains after Iranian media denies any attack, remains below 1.3800

USD/CAD pares its intraday gains, trading around 1.3780 during the Asian session on Friday. However, the pair received upward support as the safe-haven US Dollar (USD) gained traction following news of Israeli missiles striking a site in Iran, exacerbating tensions in the Middle East.FX Street2024-04-19

USD/CAD side-steps geopolitical geopolitical volatility to trade little changed

USD/CAD is trading in the 1.3750s after edging lower on Friday. The pair has been shielded by the worst excesses of volatility witnessed in markets brought on by the escalating geopolitical situation in the Middle East.FX Street2024-04-19

Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone

USDCAD attempted to re-enter the 1.3800 territory earlier today after its pullback from a five-month high of 1.3844 on Wednesday. But upside forces faded soon, forcing the price to pull back to Thursday's closing price of 1.3765.XM2024-04-19

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back As Traders Take Profits Ahead Of The Weekend

USD/JPY remains in focus as traders try to guess whether BoJ will be able to defend the key 155.00 level.FXEmpire2024-04-19

USD/CAD depreciates to near 1.3750 on improved risk sentiment amid weaker crude Oil

USD/CAD extends its losses for the second consecutive session on Thursday, trading around 1.3750 during the Asian session. The pair follows the retreat from the five-month high of 1.3846 reached on Tuesday.FX Street2024-04-18

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Treasury Yields Rebound

The BoJ may be forced to intervene as USD/JPY is moving towards the key 155.00 level.FXEmpire2024-04-18

USD/CAD backtracks after strong rally in April

USD/CAD is trading in the 1.3750s on Thursday, down roughly a tenth of a percent on the day as it continues to backtrack after the strong rally at the beginning of April. FX Street2024-04-18

USD/CAD clings to 1.3800 after retreating from its five-month highs

USD/CAD retreats from a five-month high of 1.3846 reached on Tuesday. The pair trades around 1.3800 during the European hours on Wednesday.FX Street2024-04-17

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Stabilizes After The Recent Rally

U.S. dollar is mostly flat in choppy trading as some traders prefer to take profits off the table after the strong rally.FXEmpire2024-04-17

USD/CAD falls sharply to 1.3800 despite multiple tailwinds

The USD/CAD pair dipped to round-level support of 1.3800 in Wednesday's early American session. The Loonie asset faces pressure despite multiple tailwinds, such as higher Bank of Canada (BoC) rate cut hopes, a sharp decline in the Oil price, and hawkish guidance from Federal Reserve (Fed) Chair Jerome Powell.FX Street2024-04-17

USD/CAD stands tall near 1.3800, highest since November as traders look to Canadian CPI

The USD/CAD pair builds on last week's breakout momentum through the 1.3600-1.3610 supply zone and gains some positive traction for the fifth successive day on Tuesday. Spot prices climb to the 1.3815 region, or the highest level since November 14 during the Asian session and remain well supported by the underlying strong bullish sentiment surrounding the US Dollar (USD).FX Street2024-04-16

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs As Treasury Yields Rise

Forex traders bet on a more hawkish Fed, which is bullish for the American currency.FXEmpire2024-04-16

USD/CAD climbs above 1.3800 after mix Canadian Inflation data

The USD/CAD pair jumps to 1.3820 in Tuesday's early New York session after Statistics Canada reported a mixed Consumer Price Index (CPI) report for March. The agency showed that monthly headline CPI grew by 0.6%, slower from expectations of 0.7% but higher than the prior reading of 0.3%.FX Street2024-04-16

CADJPY Elliott Wave : Forecasting the Rally After 3 Waves Pull Back

In this technical blog we're going to take a quick look at the Elliott Wave charts of CADJPY , published in members area of the website. As our members know we are favoring the long side in YEN pairs.Action Forex2024-04-16

USD/CAD trades with modest losses, hold above mid-1.3700s amid softer Oil prices

The USD/CAD pair comes under some selling pressure on the first day of a new week and erodes a part of Friday's strong move up to the 1.3785 region, or its highest level since November 14. Spot prices currently trade around the 1.3760-1.3755 zone, though any meaningful corrective decline still seems elusive in the wake of the underlying strong bullish sentiment surrounding the US Dollar (USD).FX Street2024-04-15

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Retail Sales Exceed Expectations

USD/JPY settled above the 154.00 level as the rally continued.FXEmpire2024-04-15

USD/CAD Price Analysis: Corrects to 1.3730 ahead of US Retail Sales data

The USD/CAD pair drops to 1.3730 in Monday's European session. The Loonie asset falls while the US Dollar consolidates in a tight range, indicating some strength in the Canadian Dollar.FX Street2024-04-15

Technical Analysis – USDCAD reaches new 2024 high; could this move continue?

USDCAD trades higher again, tests strong resistance level It is the bulls' first attempt to break above the current trend channel Momentum indicators are mixed with a possible bearish divergence developing USDCAD is trading higher again today, recording its fourth consecutive green candle and reaching a new 5-month high. USDCAD is trying to break decisively above the upward sloping trend channel that has been in place since the start of 2024 and it is now testing the resistanceXM2024-04-12

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests Multi-Month Highs Ahead Of The Weekend

Fed policy outlook and rising geopolitical tensions provide support to U.S. dollar.FXEmpire2024-04-12

USD/CAD approaches 1.3750 as Fed to delay rate cuts

The USD/CAD pair is advancing towards 1.3750 in Friday's London session. The Loonie asset extends its winning spell for the third trading session as investors see the Federal Reserve (Fed) pivoting to rate cuts by the third quarter of this year.FX Street2024-04-12

USD/CAD consolidates its gains above 1.3650, focus on US PPI data

USD/CAD consolidates its gains above 1.3650, focus on US PPI dataFX Street2024-04-11

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests New Highs After PPI Report

The European currency has found itself under pressure after ECB Interest Rate Decision.FXEmpire2024-04-11

USD/CAD clings to mild losses below 1.3570, awaits BoC's decision, US CPI

USD/CAD seems to remain tepid amid firmer US Dollar (USD) and Crude oil prices. The pair inches lower to near 1.3570 during the Asian session on Wednesday.FX Street2024-04-10

Technical Analysis – Is CADJPY setting the ground for its next bull run?

CADJPY remained stagnant after entering the 112.00 area, keeping its weak momentum despite reaching a new high of 112.46 last week - the highest level since the beggining of 2008.XM2024-04-10

Technical Analysis – Is CADJPY setting the stage for its next bull run?

CADJPY has been trading sideways after touching the 112.00 area, keeping its weak momentum despite reaching a new high of 112.46 last week - the highest level since the beginning of 2008.XM2024-04-10

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests Multi-Month Highs As Inflation Exceeds Expectations

U.S. dollar rallied as Inflation Rate increased from 3.2% in February to 3.5% in March.FXEmpire2024-04-10

USD/CAD pulls back after April Bank of Canada policy decision

USD/CAD has pulled back about two tenths of a percentage point on Wednesday, following the Bank of Canada's (BoC) decision to leave its key overnight interest rate unchanged at 5.0%, in line with analysts' expectations. FX Street2024-04-10

Technical Analysis – AUDCAD rebounds strongly from uptrend line

AUDCAD has been trading in a rally mode since April 2, when it hit support at the near-term uptrend line drawn from the low of September 27. On April 5, the pair emerged above the 0.8930 resistance (now turned into support) zone and looks to be headed towards the key obstacle of 0.9055.XM2024-04-10

USD/CAD Price Analysis: Likely come out of contraction after US Inflation data, BoC policy decision

The USD/CAD pair struggles for a direction as investors await the United States Consumer Price Index (CPI) data for March, which will be published on Wednesday. The Loonie asset trades sideways below the round-level resistance of 1.3600 in Tuesday's European session.FX Street2024-04-09

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Flat As Traders Wait For Inflation Data

Forex traders are not ready for big moves ahead of inflation reports, which will be released tomorrow.FXEmpire2024-04-09

USD/CAD forecast ahead of BoC decision, US inflation data

The USD/CAD exchange rate drifted downwards this week as traders shifted their focus on the upcoming Bank of Canada (BoC) decision, Federal Reserve minutes, and US consumer inflation data. It retreated to a low of 1.3550 on Tuesday, down from this month's high of 1.3647.Invezz2024-04-09

USD/CAD remains biased higher around 1.3600 after paring gains

USD/CAD extends its winning streak, trading higher around 1.3600 for the third consecutive session during the Asian hours on Monday. The US Dollar (USD) strengthens, supported by higher US Treasury yields, thereby exerting upward support to the USD/CAD pair.FX Street2024-04-08

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back At The Start Of The Week

Treasury yields tested new highs but forex traders were not ready to buy U.S. dollar.FXEmpire2024-04-08

Weekly Technical Outlook – USDJPY, EURGBP, USDCAD

Wednesday will be an inflation day in the US. The new CPI data will cover March and will give a comprehensive overview of the first quarter.XM2024-04-08

USD/CAD Price Analysis: Retreats to 1.3600 as US Dollar stays on sidelines ahead of US Inflation

The USD/CAD pair falls back to the round-level support of 1.3600 in Monday's European session. The Loonie asset drops as the US Dollar fails to catch bid despite traders pare expectations for the Federal Reserve (Fed) to begin reducing interest rates from the June meeting.FX Street2024-04-08