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Today's Forex News

USD/CAD Price Analysis: Holds position above 1.3750 amid resurging bullish sentiment

USD/CAD trades around 1.3780 during the early European hours on Wednesday, hovering within an ascending channel on the daily chart. The 14-day Relative Strength Index (RSI) also positioned above 50, indicating a resurgence of bullish sentiment.FX Street2024-05-01

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Pulls Back Ahead Of Fed Decision

Forex traders are cautious ahead of the key event of the week.FXEmpire2024-05-01

Additional News:



Currency Exchange Niverville - FAQ

Currency exchange in Niverville 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.

Niverville is a town in the Canadian province of Manitoba, located approximately 42 km (26 mi) south of downtown Winnipeg. This primarily farming community has seen an influx of people moving from the city looking to raise a family outside the 'big city' influence. This migration has made Niverville one of the youngest and fastest growing communities in Manitoba. The town is located at the crossing of Provincial Road 311 and the CPR Emerson rail line, between Provincial Road 200 and Provincial Trunk Highway 59. Niverville's population as at the 2016 Census is 4,083.[1] The town lies between the northwest corner of the Rural Municipality of Hanover and the southeastern portion of the Rural Municipality of Ritchot.

The area of Niverville was first developed by railway tycoon Joseph Whitehead in 1874, who spent more than C$1,700 in its development as a station. However, the station was established not by Whitehead, but by William Hespeler, who was instrumental in recruiting Mennonite settlers from the Russian Empire settlers to the nearby East Reserve. Initially the town that grew up around the station was named Hespeler, but eventually became known by the name of the railway station, Niverville. The town is named after an 18th-century explorer and fur trader Chevalier Joseph-Claude Boucher de Niverville.[3] This choice of name was made by the Canadian Pacific Railway in 1877 – one year before the railway into town was built and an official town plan was actually registered. Originally within the Rural Municipality of Hanover, Niverville was incorporated as a village in 1969 and later as a town in 1993.Niverville's history is closely tied to grain. Niverville is located on the western boundary and a mile south of the northern boundary of the eight townships of land reserved for Mennonite settlement in 1873. The influx of Mennonites, Low German-speaking farmers, began in 1874 and shortly after the CPR Emerson line was complete in 1878 they were joined by a number of settlers of British ancestry with names like Stott, Church, and Wallace who settled just west the rail line off the reserve. The Mennonite settlers, whose farming skills were well suited for the region due to their experience with farming on the Germanic low lands and Pontic steppes, came originally from Friesland, the northern region of the Netherlands (their place of origin), moving to the Vistula Delta in the 17th century, then the Russian Empire under the protection of Katherine the Great, before finally migrating and landing at the nearby junction of the Red and Rat rivers. Once landed they made their way onto the reserved lands to claim their individual homesteads. William Hespeler, the Dominion Immigration and Agriculture Agent for Manitoba, was the first to make an effort to establish a commercial centre on the reserve by purchasing land from individual farmers and laying out a town plan for Niverville. The first grain elevator in western Canada, a unique round structure was built in Niverville in 1879 by him. It was from this elevator that the first western Canadian barley was shipped to overseas markets. To commemorate his contributions his name has recently been appropriated for Niverville's newest and largest park. The hardiness and determination of the early Mennonite settlers, coming from a harsh environment in Russia, ensured that this unforgiving land would be transformed into a place from which livelihoods could be wrested, albeit at considerable effort and cost. In later years, these generous settlers sent grain in relief to others suffering famine in Russia. Many inhabitants today are from Mennonite or British stock, with a growing number of immigrants of other backgrounds.One odd piece of Niverville history is the Niverville Pop Festival which took place on May 24, 1970 on an abandoned farm 2.4 km (1.5 mi) east of the junction of Highway 59 and Provincial Road 305. Widely publicized, it attracted approximately 12,000 young folks, mainly from Winnipeg, to hear a variety of rock and folk bands. Having nowhere to park save a summer-fallowed field and some dirt roads, everything turned into a sea of mud when a sudden thunderstorm struck, cutting the festival short. Not wishing to lose the opportunity, many festival patrons shed all clothing (including underwear) and splashed around in the rain and mud while waiting for any one of several local Mennonite farmers who cashed in on the opportunity, charging $5 apiece to tow cars back to the pavement of Highway 59.

Historical Forex News

USD/CAD Price Analysis: Hovers near 1.3700 within the ascending channel

USD/CAD consolidates within the ascending channel on the daily chart, with the 14-day Relative Strength Index (RSI) positioned above 50, indicating a recovery of bullish sentiment. The pair edges higher to near 1.3700 during the European session on Tuesday.FX Street2024-04-30

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Traders Bet On Hawkish Fed

The disappointing CB Consumer Confidence report did not put pressure on the American currency.FXEmpire2024-04-30

USD/CAD rises above 1.3700 as strong US Q1 Employment Cost Index, weak Canadian GDP

The USD/CAD pair rises above the crucial resistance of 1.3700 in Tuesday's early American session. The Loonie asset strengthens as the US Dollar extends recovery after the United States Bureau of Labor Statistics (BLS) reported stronger-than-expected Q1 Employment Cost Index data.FX Street2024-04-30

USD/CAD remains under selling pressure below 1.3650 on a softer US Dollar

USD/CAD remains under selling pressure below 1.3650 on a softer US DollarFX Street2024-04-29

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Retreats As Treasury Yields Fall

USD/JPY is losing ground amid likely interventions from the BoJ.FXEmpire2024-04-29

USD/CAD remains supported above 1.3640 ahead of Fed's policy announcement

The USD/CAD pair holds auction above the immediate support of 1.3460 in Monday's early American session. The Loonie asset finds support as the US Dollar Index (DXY) rebounds after discovering buying interest near the previous week's low of around 105.46.FX Street2024-04-29

US Dollar Forecast: USD/CAD Trades in Ascending Channel with Fed on Tap

USD/CAD holds above the former-resistance zone around the December high (1.3620) ahead of the Federal Reserve interest rate decision, and the exchange rate may continue to trade within an ascending channel should it tracks the positive slope in the 50-Day SMA (1.3590).Forexcom2024-04-29

US Dollar Tanks Ahead of Fed Verdict, NFP Data - EUR/USD, GBP/USD, USD/CAD

This article explores the fundamental and the technical outlook for the U.S. dollar, zeroing in on three popular and very liquid pairs: EUR/USD, GBP/USD and USD/CAD.DailyFX2024-04-29

GBP/USD and USD/CAD Daily Chart Outlook

On the daily chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2900 zone. The British Pound traded below the 1.2600 support to move into a bearish zone against the US Dollar.Action Forex2024-04-26

USD/CAD depreciates to near 1.3650 due to higher crude prices, US PCE eyed

USD/CAD extends its losses for the second consecutive day, trading around 1.3640 during the Asian session on Friday. The Canadian Dollar (CAD) receives support from higher US crude Oil prices, contributing to the weakening of the USD/CAD pair.FX Street2024-04-26

Technical Analysis – USDCAD retreats beneath 20-day SMA

Technically, the MACD oscillator is holding beneath its trigger line in the positive area, while the RSI is moving horizontally near the neutral threshold of 50.XM2024-04-26

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As PCE Price Index Exceeds Expectations

USD/JPY tested multi-decade highs as traders reacted to the BoJ Interest Rate Decision.FXEmpire2024-04-26

USD/CAD Price Analysis: Consolidates around 1.3650 ahead of Fed's preferred inflation gauge

The USD/CAD pair is stuck in a tight range near 1.3650 in Friday's European session. The Loonie asset struggles for a direction as the US Dollar consolidates ahead of the United States core Personal Consumption Expenditure Price Index (PCE) data for March, which will be published at 12:30 GMT.FX Street2024-04-26

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

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