Oil on Edge: CAD Wobbles & Support Holds the Spotlight

Inflation, Currency Waves & Oil’s Critical Threshold

Today’s landscape is defined by stubborn price pressures, fleeting currency reactions, and strategic commodity pivots. Canada’s headline CPI held at 1.7% year-over-year in May—matching April’s pace and keeping core measures above the Bank of Canada’s 2% target—yet the loonie failed to sustain its post-report gains, underscoring market caution on future rate cuts. At the same time, WTI crude oil is probing a key long-term support zone around its 200- and 50-day moving averages; a decisive hold here could spark a bullish bounce toward the $70 mark, while a breach may expose deeper correction risks2. These dynamics remind us that even as inflation and central-bank outlooks ebb and flow, pinpointing technical levels can unlock timely trading opportunities.

⚡ Daily Broad Market Recap – June 24, 2025

• Discover a comprehensive review of today's key market moves, economic events, and overall sentiment.

• Gain insights that set the stage for informed decision-making as you navigate the week ahead.

📉 Canada’s CPI Steady at 1.7% in May But CAD Fails to Sustain Gains

• Inflation remains sticky at 1.7% y/y, core measures stubborn above target, diminishing hopes for near-term BoC easing.

• The Canadian dollar spiked briefly before reversing, highlighting market skepticism on rate-cut timing

📊 WTI Crude Oil (USOIL) Tests Key Long-Term Support Zone

• WTI is trading near its 200- and 50-day moving averages—critical support that previously upheld the rally.

• • A sustained hold here may trigger a rebound toward $70, while a breakdown could signal deeper correction.

Fueling Your Evolution

Inflation’s persistence in Canada, fleeting currency reactions, and oil’s technical battleground together form today’s triad of opportunity. Whether you’re gauging central-bank timelines, trading the nuance of CPI-driven FX moves, or eyeing critical commodity floors, these articles deliver the insights and charts you need to act with precision.

Happy Trading!

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