Post Tagged with: "canadian dollar"
Canadian Dollar Close to Parity On Rising Oil
USD/CAD dropped down to 1.0063 before retreating. The loonie enjoyed rising oil prices and is awaiting another important event apart from the American decision on QE2. Update. The Canadian dollar made nice gains against the US dollar. The greenback retreated across the board, with AUD/USD around parity, EUR/USD rising above 1.40 and GBP/USD breaking resistance
Canadian Contraction – A Sign for the US?
The Canadian economy squeezed by 0.1% in Jult, the first month of Q3. While the figure came out within expectations, it’s a warning sign for Canada’s biggest trade partner – the
USD/CAD Outlook – September 6-10
A very busy week expects loonie traders, including a rate decision and employment data. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD daily graph with support and resistance lines on it. Click to enlarge: Canadian GDP for the second quarter, completed with the past week’s release for June,
USD/CAD Outlook – August 30 – September 3
The Canadian dollar expects another rather calm week, but with one key event to rock it – GDP. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD, now on higher ground. USD/CAD daily chart with support and resistance lines marked. Click to enlarge: Weak retail sales and the growing notion
USD/CAD Outlook – August 9-13
A few interesting releases expect the loonie. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines marked. Click to enlarge: Canada’s employment figures were very disappointing, and only a bigger disappointment in Non-Farm Payrolls from the US stopped USD/CAD from going higher. Let’s
USD/CAD Jumps on Disappointing Canadian Jobs
After seeing outstanding results in recent months, Canadian job figures were disappointing this time – a drop of 9,300 jobs, falling short of an expected gain of 13,700 jobs. Also the unemployment rate rose from 7.9% to 8%. USD/CAD broke above resistance. In the hour before the publication of the jobs data, USD/CAD went back
USD/CAD Outlook – August 2-6
The loonie will move on US data during most of the week, but the busy end of the week promises tension. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD daily chart with support and resistance lines on it. Click to enlarge: Canada’s monthly GDP rose by 0.1%, exactly
USD/CAD Outlook – July 26-30
The monthly release of GDP on Friday is stands out in a light-calendered week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines on it. Click to enlarge: The initial reaction to the rate hike was weak, as the BOC also lowered the
Bank of Canada lowers expectations – USD/CAD rises
The Bank of Canada did it again – the rates were raised by 0.25% to 0.75%. There was a consensus for this move. What wasn’t expected was a weaker forecast for the Canadian economy. So, the decision hurts the Canadian dollar. USD/CAD now trades at 1.5560, about 40 pips higher than before the release. Will
USD/CAD Outlook – July 19-23
Loonie traders expect a busy week, with important releases every day of the week, with the rate decision being the main highlight. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD daily chart with support and resistance lines marked. Click to enlarge: The Canadian dollar continued enjoying the superb