Post Tagged with: "canadian dollar"
USD/CAD Sees Half Full Glass of Jobs Data
The Canadian labor market lost 1500 jobs, a bitter disappointment in comparison to a gain of 27.8K that was expected. On the other hand, the unemployment rate continued to drop and ticked down to 7.7%, from 7.8%, as expected. USD/CAD bounced off the very low levels it reached but then resumed its falls . This
Canadian Dollar Retreats, Despite Solid Growth
The Canadian economy grew by 0.5% in January. This was in line with expectations and a undoubtedly a solid monthly growth rate. Nevertheless, USD/CAD just cannot break lower. A growth rate of 0.5% per month is usually at the high end of Canadian growth figures. Growth rates of 0.2% or 0.3% are more common, yet
USD/CAD Set to Fall as Carney Sees More Rises in Commodity Prices
Mark Carney, the governor of the Bank of Canada, pointed out that the rise in commodity prices isn’t just part of the economic cycle, but a significant change that has a good basis. He sees the boom in commodity prices lasting for years. Carney also said: One challenge for Canada, a major producer of oil,
USD/CAD Rises on Low Canadian Inflation
Prices in Canada aren’t rising – CPI hasn’t changed in December and Core CPI dropped by 0.3%. This was lower than the already low expectations. This reduces the chances for a rate hike in Canada. The Canadian dollar retreats against the US dollar. USD/CAD now approaches parity once again after sitting at around 0.99 early
USD/CAD Starts 2011 With a Bang
USD/CAD broke lower to levels last seen in 2008. The pair went as low as 0.9888 before making a small retreat. The strength of the Canadian dollar has two main driver that will probably continue throughout 2011. Here are the reasons for the move and the next levels to watch out for. The Canadian dollar
Hezbollah Threatens “New Era” in Lebanon
Indictments against Hezbollah members are due any day now, by the special tribunal for Lebanon, investigating the murder of Rafik Hariri. Yet again, tensions are getting higher as Hassan Nasrallah threatens to bring a “new era” in Lebanon – a hint towards a full takeover of the country. The son of murdered Rafik Hariri, Saad
USD/CAD Breaks Resistance on Weak Canadian GDP
The Canadian economy unexpectedly contracted by 0.1% in the month of September , concluding a very weak third quarter. USD/CAD rises on this news and is at a monthly high. Early expectations stood on a growth rate of 0.1% in September, following a growth rate of 0.3% in August and a contraction of 0.1% in July.
[Video] Long Euro, Currency Wars, Gold Heights and More
Long Euro? Well, yes. In an interview on Forex TV, Derek Frey discusses the alleviated fear about the Irish crisis, but reminds us that none of the debt laden countries is going to sink into the sea. Speaking with Julie Sinha, the “senior market manipulator” also covers currency wars and lots more
Canadian Dollar – November 8-12
Hosing data and Trade Balance are the major events for loonie traders this week. Here is an outlook on the market movers awaiting us. USD/CAD daily chart with support and resistance lines marked. Click to enlarge: Canada’s dollar dropped against most of its major counterparts after the government blocked a foreign takeover of Potash Corp.
Canadian Dollar at Parity with USD on Building Permits
The Canadian dollar matches one American one. The strengthening of the loonie came as a reaction to a great housing report in Canada, and surprisingly not on important employment figures in both countries