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Tag: loonie

Loonie rallies as wages accelerate and oil price rally continues – MarketPulse

Canada lost 6,400 jobs in July as the unemployment rate rose for a third straight month Canadian wage pressures jump to 5.0%, which might...

Oil and loonie flying high together again – MarketPulse

Oil poised for best monthly performance since early 2022 Net-long positions in WTI  rise to highest levels in 3 months Goldman says global oil demand...

Canadian dollar struggles to rise alongside oil – MarketPulse

USD/CAD little changed ahead of FOMC decision Canadian dollar was fourth-worst performer in the Group-of-10 currencies. Oil rallies on improved global outlook and Chinese stimulus Gold...

USD/CAD – Loonie strengthens after surprise BoC rate hike – MarketPulse

OANDA Senior Market Analyst Craig Erlam discusses the latest moves in USDCAD after the Bank of Canada surprised markets by restarting its tightening...

Canadian dollar eyes job data

Will Canadian job data boost loonie? It’s been a busy week for the Canadian dollar. USD/CAD started the week with strong gains, but the Canadian dollar has clawed back and recovered most of those losses. The week will wrap up with the Canadian employment report for February. The markets are expecting a huge turnaround after […]

Fed and BOC Day: Fed sets up March Liftoff, Balance Sheet later, BOC holds

Fed Day: US stocks gave up earlier gains as Treasury yields surged after Fed Chair Powell signaled they will use their tools to make sure inflation does not become entrenched, paving the way for a March liftoff. Earlier, the stock market may have gotten too pessimistic and priced in too much of a slowdown that […]

Market Insights Podcast (Episode 287)

  OANDA Senior Market Analyst Ed Moya previews the day’s market news with Jonny Hart. They discussed markets, preview the FOMC decision, recap the BOC hawkish hold, oil price volatility and all the fundamental drivers, and cryptos.

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