Market participants are likely to keep a close eye on the Canadian dollar’s price movements at the start of the week, as it shows signs of strength.

Market participants are likely 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

Last weekend, the Canadian dollar became the strongest currency against the U.S. dollar during U.S. trading hours after Canada’s first-quarter capacity utilization rate for April, 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, surging from the -3σ to the +2σ levels on the hourly Bollinger Bands.On the 4-hour chart, the 200-day SMA is acting as a support level, while on the daily chart, the pair is currently attempting to break above the 200-day SMA.

Among European currencies, the pound fell against the U.S. dollar. The GBP/USD pair dropped from 1.3631 to 1.3517, briefly dipping below the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, price action has remained within the 20-period moving average (MA), while on the daily chart, the pair has pulled back from the +2σ line of the Bollinger Bands. We should watch to see if the pound faces resistance during today’s European trading session.

Today's economic indicators include the UKLightMove Housing Prices at 3:30 PM, Swiss Producer and Import Prices at 4:00 PM, remarks by German Bundesbank President Nagel at 4:00 PM, Canadian Housing Starts at 9:15 PM, the U.S. New York Fed Manufacturing Index at 9:30 PM, Canadian Existing Home Sales at 10:00 PM, and a U.S. 20-year Treasury auction at 2:00 AM.We will carefully monitor the early-week price movements of the firm Canadian dollar.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed