Tag Archives: Bank of Canada
Bank of Canada Cuts Rates by 25bps as Expected
On Wednesday, the Bank of Canada reduced its key policy rate by 25 basis points to 4.25%, in line with expectations. Governor Tiff Macklem noted that due to sluggish economic growth, a larger rate cut might be necessary to support the economy. The central bank had maintained its benchmark rate at a two-decade high of […]
Focus on USDCAD today – 4th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for SEP 4, 2024. Key Takeaways Technical Analysis Daily Chart Insights (USD/CAD Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (USD/CAD H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (USD/CAD M30 Price Chart, Source: Ultima Markets APP) Conclusion […]
Focus on USDCAD today – 5th June 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 5th June 2024. Key Takeaways Technical Analysis Daily Chart Insights H4 Chart Insights Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on USDCAD today – 10th May 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 10th MAY 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on USDCAD today – 24th April 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 24th April 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on USDCAD today – 10th April 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCAD for 10th April 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on USD/CAD Today – 18th January 2024
Comprehensive USD/CAD Analysis for January 18, 2024 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD/CAD for 18th January 2024. USD/CAD Key Takeaways USD/CAD Technical Analysis USD/CAD Daily Chart Insights USD/CAD 1-hour Chart Analysis Trading Central Pivot Indicator Conclusion
The Canadian Dollar Recovered from One-Year-Low of Weak USD
CAD Bounced, But Appreciation Capped The Canadian dollar has strengthened to 1.37 per USD, bouncing back strongly from the one-year low of 1.39 reached on November 1st. This recovery was strengthened by a general retreat in the DXY index, as weak economic data from the US reinforced the Federal Reserve’s indications that they may hold […]