USD/CAD bias flipped 5 times to neutral on October 2, 2026
The Canadian Dollar has slipped as oil prices dipped while the US Dollar showed strength, with USD/CAD trading near a two-month low after pulling back from nearly 18-month highs to around 1.4200 and testing trendline support. Focus is on upcoming ISM services data, Fed minutes and Canadian jobs figures, along with assessment of tariff effects on Canada's labour market, as Fed pause bets are weighed against a resilient U.S. economy.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 5 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Bullish
- 08:17Weak bearish
- 10:52Weak bullish
- 11:22Neutral
- 11:52Weak bullish
- 17:58Neutral
Headlines (15)
First seen on October 2
- Canadian Dollar falls as oil prices dip, US Dollar gains strengthFXStreet
- USD/CAD Price Forecast: Falls to near 1.4200 after pulling back from nearly 18-month highsFXStreet
- USD/CAD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26LiteFinance
- Canada labour market: Tariff effects assessed – RBCFXStreet
- Week ahead: ISM services, Fed minutes and Canadian jobs lead the economic calendar. Be aware.InvestingLive
Carried over from earlier days
- Canadian Dollar remains subdued near two-month lows as falling oil prices weighFXStreet
- USD/CAD Price Forecast: Declines below 1.4200, while staying technically bullish above 100-day SMAFXStreet
- Euro holds gains against Canadian Dollar despite weak German Retail Sales dataFXStreet
- Loonie's rate relief comes after the Fed stops hikingFXStreet
- Soft economy should limit Bank of Canada’s rate hikes: Capital Economicsboereport.com
- The USDCAD reverses back higher after the sellers failed to take short term controlInvestingLive
- Canadian Dollar seems vulnerable near two-month low as USD maintains bullish undertoneFXStreet
- Canadian Dollar steadies as Fed pause bets clash with resilient US economyFXStreet
- USDJPY and USDCHF break lower as USDCAD tests trendline supportInvestingLive
- Canadian dollar weakens as U.S. dollar strength, yield gap keeps pressureInvesting.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, October 2 | ||
| Average Hourly Earnings m/m | 0.3% | USD |
| Unemployment Rate | 4.1% | USD |
| Non-Farm Employment Change | 89K | USD |
| FOMC Member Logan Speaks | USD | |
| Factory Orders m/m | 0.1% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| Monday, October 5 | ||
| Final Services PMI | 58.7 | USD |
| ISM Services PMI | 55.1 | USD |