The Canadian Dollar is Set to Rise Against US Dollar in Q3
The Canadian dollar is primed for a bullish surge, propelled by improving risk appetite and promising economic indicators.
About the analyst
Vinit Makol
Lead Strategist and Market Analyst at Edge-Forex
Vinit Makol is a forex trader, strategist and market analyst with more than 20 years of experience in forex and financial markets.
As lead strategist and analyst at Edge-Forex, he writes about currencies, central-bank policy, macroeconomics, commodities, trading strategy and the geopolitical events that affect global markets.
His work is informed by practical trading experience and supported by market data, economic releases, official documents and other relevant sources.
More by Vinit Makol
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Explore the Reserve Bank of Australia’s decision to maintain rates, assess inflation, and shape future monetary policy in a stabilizing economy.
Gold Price Stabilizes as US Dollar Takes a Back Seat, RBA Pause Triggers a Decline in AUD/USD
Discover how the stabilizing gold price and central bank decisions influence currency pairs and market dynamics.
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Violent riots in France calm down as mayors organize anti-violence rallies in response to a police shooting incident.
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Bitcoin Q3 Forecast: Struggling Amid Regulatory Challenges and Soaring Rates
Explore the Bitcoin Q3 forecast, navigating regulatory challenges, higher rates, and the impact of geopolitical risks on its performance.
US Dollar Falls as Fed’s Favorite Inflation Gauge Comes Below Expectations
The US dollar falls amid weaker consumer spending and inflation data, prompting concerns about the strength of the American economy.
Effective Strategies for Monetary Policy Implementation: Insights into Central Bank Toolkit and Policy Communication
Discover the crucial role of central banks in monetary policy implementation, from maintaining price stability to fostering economic growth.
Japanese Yen Succumbs to Pressure as US Dollar Surges Amidst Fed-BoJ Policy Disparity
Learn why the Japanese Yen succumbs as the US Dollar strengthens, examining the Fed-BoJ policy disparity and its implications.
Powell’s Speech Reveals: A Solid Consensus Among Fed Policymakers Anticipating Multiple Rate Hikes by Year-End
Insights from Fed policymakers reveal expectations of rate hikes and concerns over inflation and credit conditions. Stay informed!
Australian Dollar Weakens Despite Strong Data as US Dollar Strengthens
Explore the reasons behind the weakening of the Australian Dollar against the US Dollar and its implications for traders.
USD/CAD Price Analysis: Refreshes Weekly High as Soft Canadian CPI Supports Steady BoC Policy
Discover the latest USD/CAD price analysis, as the pair undergoes a bullish reversal amidst fragile market conditions and the upcoming Fed’s Powell speech.
US Dollar Navigates Uncertainty building anticipation as the ECB Gathering and Central Bank Panel Discussion Hold Key to Currency Outlook
The US Dollar faces uncertainty as central bankers gather for the ECB event, influencing currency markets and raising anticipation.
China’s Stimulus Casts Doubts on Copper and Aussie Dollar Performance
Discover how China’s stimulus measures affect AUD and copper prices, and their impact on the global recovery.
Bullish GBP/USD Price Forecast: Cable Targets Recent Highs as Central Bankers Gather in Sintra for the ECB Forum
Discover the latest updates on GBP/USD as central bankers gather in Sintra for the ECB Forum. Price forecasts and market insights await.
The Importance of Having an Edge in Forex Trading
Having a forex trading edge is essential for success – it increases profitability and sets traders apart from the crowd.
Shocking Russian Mercenaries’ Revolt Weakens Putin’s Authority and Sparks Concerns for Stability
Discover how the revolt by Russian mercenaries undermines Putin’s rule and impacts stability in Russia and the Ukraine conflict.
Debilitating Yen’s Fall Spotlights Concerns for Japan as BOJ Takes Center Stage: A Comprehensive Analysis
The yen’s fall raises concerns for Japan as the currency’s depreciation poses challenges for the economy and consumers.
Gold Price Outlook: Bearish Breakout Amid Recession Fears and Central Bank Actions
Gold prices experience bearish pressure as recession fears grow and central bank actions influence market sentiment.