USDCAD Outlook and Tech Volatility: Navigating the AI Shift

The trading week kicked off with a tech-heavy charge, but the broader optimism is tinged with caution as corporate actions and macro indicators pull different asset classes in opposing directions. Solid US ISM Manufacturing data, which showed the headline PMI expanding to 54.0 in May, gave equity bulls some macro backing by pointing to resilient underlying demand [1][2]. Tech, however, remains the primary playground of volatile shifts. On one hand, the hardware-software AI alliance between Nvidia and Microsoft fueled substantial interest [3][4], driving indices like the S&P 500 to new record highs [5]. On the other hand, Alphabet's massive $80…