search

An incredible cashback rate!
40% of the spread!

Join Now

Market Participants to Keep a Close Eye on the Canadian Dollar’s Strong Start to the Week

Market Report

  1. homeHOME
  2. Market Report
  3. Market Participants to Keep a Close Eye on the Canadian Dollar’s Strong Start to the Week

Market Participants to Keep a Close Eye on the Canadian Dollar’s Price Movements at the Start of the Week as It Shows Signs of Strength

16.06.2025

Today's Highlights
  1. Canada: Housing Starts
  2. UK LightMove Housing Prices

Last weekend, the Canadian dollar reached its strongest level against the U.S. dollar during U.S. trading hours after Canada’s first-quarter (April) capacity utilization rate, released on the 13th, rose to 80.1 from the previous reading of 79.8. The CAD/JPY pair rose from 104.793 to 106.141.The pair surged from the -3σ to the +2σ levels on the hourly Bollinger Bands. On the 4-hour chart, the 200 SMA is acting as a support level, while on the daily chart, the pair is currently attempting to break above the 200 SMA.

Among European currencies, the pound fell against the U.S. dollar. The GBP/USD pair fell from 1.3631 to 1.3517.It briefly dipped below the 200-period SMA on the hourly chart. On the 4-hour chart, price action has remained within the 20-period MA, and on the daily chart, the price has pulled back from the +2σ level of the Bollinger Bands. We’ll need to watch closely to see if the pound faces resistance during today’s European trading session.

Today’s economic indicators include the UK Rightmove House Price Index at 8:01, Swiss Producer and Import Prices at 15:30, remarks by German Bundesbank President Nagel at 16:00, and at 21:15, Canada’shousing starts at 21:15, the U.S. New York Fed Manufacturing Index at 21:30, Canadian existing home sales at 22:00, and a U.S. 20-year Treasury auction at 26:00. We will carefully monitor the Canadian dollar’s price movements at the start of the week, as it has been trading firm.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Will Market Participants Keep a Close Eye on the U.S. Dollar’s Potential for Recovery After Hitting a Low?

Next Article

Market Participants May Be Watching to See How Far the Weakening Swiss Franc Will Fall
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours).

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings