The Canadian Dollar (CAD) is falling back in the American market session as risk appetite takes a turn south, sending investors back into the US Dolla
The Canadian Dollar is falling back into familiar lows on Wednesday as investors pull up stakes. Canada Housing Starts came in better than expected, but risk-off flows are dominating. Thin calendar docket for the CAD until Friday’s Retail Sales. r and taking the USD/CAD back up the charts.
Despite the sideways primary trend, the intermediate and short-term trends are more bullish suggesting longs have their backs to the wind. This lends a bias to more upside, and if it were not for the major resistance line there would be a green light signaling ‘go’ – as it is it could prove a spoiler.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Steadies as Treasury Yields Surge, WTI Crude Gains and EUR/USD FirmsThe US Dollar clambered for ground after blistering retail sales figures boosted Treasury yields as the unfolding Middle East conflict lifts risks across the globe. Lower EUR/USD?
Read more »
Canadian Dollar whipsaws as markets shift following US Retail Sales, Canada CPI inflationThe Canadian Dollar (CAD) went V-shaped after markets saw a large run-up in the US Dollar (USD) ahead of Tuesday’s US Retail Sales reading, and a beat
Read more »
Canadian autoworkers set Oct. 29 strike deadline at Stellantis with bargaining to start WednesdayThe union representing Canadian autoworkers says it has set an Oct. 29 deadline to strike at Jeep maker Stellantis. Unifor said in a statement Tuesday that it will officially begin bargaining with the company on Wednesday as it seeks to get a contract agreement that matches those it negotiated with rivals General Motors and Ford.
Read more »
Canadian autoworkers set Oct. 29 strike deadline at Stellantis with bargaining to start WednesdayGet in-depth info on the 2024 Chrysler Pacifica including prices, specs, reviews, options, safety and reliability ratings.
Read more »
Why bond-market investors are not panicking about the worst Treasury bear market in history‘Ripping the band-aid off’ this time should be preferable to investors because interest rates are now much higher to act as a margin of safety, says Ben Carlson
Read more »
Bank of America earnings beat Street forecasts, but bond losses jump amid Treasury routBig gains in net interest income powered solid third quarter earnings for Bank of America, but investors are likely to focus on unrealized losses in its bond portfolio and Treasury yields continue to rise.
Read more »