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Today's Forex News

USD/CAD moves below 1.3700 due to risk-on mood, US GDP awaited

USD/CAD pares its recent gains registered in the previous session, trading around 1.3670 during the European hours on Thursday. The improving risk appetite weakens the US Dollar (USD), undermining the USD/CAD pair.FX Street2024-04-25

Additional News:



Currency Exchange Stonewall - FAQ

Currency exchange in Stonewall 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.

Stonewall is a town in the Canadian province of Manitoba with a population of 4,809 as of the 2016 census.[4] The town is situated approximately 25 kilometres (16 mi) north of Winnipeg on PTH 67. It is known for its limestone quarries. The local festival is the Quarry Days which is usually held over three days in August on Main Street. The town is surrounded by the R.M. of Rockwood.

When the last ice age retreated, as well as the prairies, escarpments such as Riding Mountain were left behind. In addition to these, smaller elevations were left behind such as Stony Mountain and Stonewall. It is believed that these escarpments were used as look-outs by early hunters approximately 4,000 to 5,000 years ago. These formations were later used as buffalo jumps by the indigenous populations.[8]Stonewall was founded by Samuel Jacob Jackson in 1878, after he acquired the land the town is built upon in 1875. However, Jackson did not move to Stonewall himself until 1881.[1]In the early 1880s, the quarry opened with the focus of their operation being the production of quicklime.[9] During the peak times of the quarry, large amounts of dynamite was used for blasting the rock. The dynamite was kept in the powder magazine which has since been rebuilt near the entrance to Stonewall Quarry Park.[10]On June 30, 1880, the railway line between Winnipeg and Victoria Junction, 3 miles (4.8 km) east of Stonewall, was completed. The construction of the line continued west passing through Stonewall, Hanlan and Meadow Lea before turning south-west towards Portage la Prairie during the summer of 1880. The transcontinental line was originally planned to pass through Selkirk, but was actually built through Winnipeg following heavy lobbying from the city. The line west of Stonewall was therefore rebuilt through Rosser. The line north-west from Stonewall was subsequently extended through Teulon, Komarno before eventually reaching Arborg in 1910.[11] In 2008, the RM of Rockwood decided that there was no purpose left with the line. With the city of Winnipeg's help the line was taken out.[citation needed]The present town hall was built in 1912 using local limestone.[12]Following the closure of the quarry, Kinsmen Lake was developed on the site and opened to the public on August 10, 1956. The lake has become a popular location for locals and visitors to the town.[13] In 1983, the town council initiated a project to develop the former quarry site around Kinsmen Lake into a historical site and natural area.

Historical Forex News

USD/CAD sticks to modest recovery gains, remains below 1.3700 ahead of US data

USD/CAD sticks to modest recovery gains, remains below 1.3700 ahead of US dataFX Street2024-04-24

USD/CAD Daily Outlook

Intraday bias in USD/CAD remains neutral for the moment with focus on 1.3660 support. Strong rebound from current level will retain near term bullishness.Action Forex2024-04-24

Canadian Dollar Forecast: USD/CAD Plunges Towards Uptrend Support

A Canadian Dollar counter-offensive is underway with USD/CAD off nearly 1.4% from the yearly highs registered last week. A reversal off technical uptrend resistance is now searching support with an outside-reversal candle today poised to snap a five-day losing streak.Forexcom2024-04-24

USD/CAD bounces back to 1.3700 after weak Canadian Retail Sales data

The USD/CAD pair witnesses strong buying interest and rises to 1.3700 as the Statistics Canada has posted weaker-than-expected Retail Sales data for March. Sales at retail stores contracted at a slower pace of 0.1% against 0.3% in February.FX Street2024-04-24

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

U.S. Dollar Price Action Setups: EUR/USD, USD/JPY, Gold, USD/CAD

The U.S. Dollar continues to pull back from the prior gap that came in as resistance last week. At the time, RSI on the daily chart had flared into overbought territory, and this isn't a very common occurrence as the last instance of such showed just before the currency had topped in Q4 of last year.Forexcom2024-04-23

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

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