Post Tagged with: "IPPI"

USD/CAD Outlook Oct 29 – Nov 2

The Canadian dollar got very close to parity with the US dollar, as a potential rate hike can wait for a very long time. GDP and employment data are the highlights of this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.

Last week, the BOC Monetary Policy Report revealed a weaker third-quarter growth rate forecast due to transitory disruptions in energy sector, but a stronger expansion of 2.5% from 2.3%in the fourth quarter. Exports are predicted to increase moderately, however a more substantial growth will occur in the first half of 2014. This overcame the relatively dovish rate statement. All in all Canadian economy is doing well with a strong manufacturing sector and improved domestic demand. BOC Governor Mark Carney will address a parliamentary committee in Ottawa. The markets are waiting for the key GDP release on Wednesday.

Read the rest of the article USD/CAD Outlook Oct 29 – Nov 2
Forex Daily Outlook August 29 2012

Forex Daily Outlook August 29 2012

Prelim GDP in the US and Nationwide HPI in the UK are the main events today.  Here is an outlook on the market-movers awaiting us In the US, Prelim Gross Domestic Product (GDP), the total annualized value change of the economy production of goods and services, rise of 0.2% is likely up to 1.7% from [&hellip

USD/CAD Outlook August 27-31

USD/CAD Outlook August 27-31

USD/CAD fell to low support but couldn’t break through. It eventually moved back up. GDP is the main event this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Canada disappointed with weak retail sales: both the headline and the core numbers fell by 0.4%, while rises were [&hellip

USD/CAD Outlook Jul. 30 – Aug. 3

USD/CAD Outlook Jul. 30 – Aug. 3

The Canadian dollar made significant gains and is only 28 pips away from parity, as the US dollar was on the retreat. Gross Domestic Product is the highlight of this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Last week: Canadian retail sales rose less-than-expected in May [&hellip

Canadian Economy Grows by 0.3% in April – USD/CAD Slides to Support

Canadian Economy Grows by 0.3% in April – USD/CAD Slides to Support

The Canadian economy grew by 0.3% in April. Canada is unique with publishing GDP reports every month rather than every quarter.  Early expectations were for a growth rate of 0.2% following a mere 0.1% in March. USD/CAD is sliding after the publication, and is dropping towards support. Update: the move extended – USD/CAD fell below [&hellip

USD/CAD Outlook June 25-29

USD/CAD Outlook June 25-29

The Canadian dollar continued gaining against the greenback, but eventually retreated, as tough resistance held. Will the falling price of oil hurt push USD/CAD higher? GDP is the highlight of this week. Here is an outlook on the major market-movers an updated technical analysis for USD/CAD. The absence of QE3 from the Fed’s decision also [&hellip

Forex Daily Outlook May 30 2012

Forex Daily Outlook May 30 2012

Pending Home Sales in the US M3 Money Supply in Europe are the main events today.  Here is an outlook on the market-movers awaiting us. In the US, Pending Home Sales, the number of under contract homes that are to be sold but still awaiting the closing deal (without new building) is due to drop [&hellip

USD/CAD Outlook May 28 – June 1

USD/CAD Outlook May 28 – June 1

The Canadian dollar continued its retreat against the greenback, but USD/CAD didn’t cross critical resistance so far. Will it stabilize here? Gross Domestic Product is the highlight of this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week Core retail sales for March were weaker than expected rising 0.1% after a 0.8% [&hellip

Forex Daily Outlook April 30 2012

Forex Daily Outlook April 30 2012

We begin the week with GDP in Canada and Personal Spending in the US as the main highlights on today’s outlook. Let’s see what awaits us today. In the US, Personal Spending, value consumer’s expenditures, due to drop down from 0.8% on March to 0.5% now. Meanwhile rise of 0.1% is predicted on the Personal Income [&hellip

USD/CAD Outlook Apr.30 – May 4

USD/CAD Outlook Apr.30 – May 4

The Canadian dollar enjoyed the weakness of the greenback and reached a 7 month high. We will now see how the Canadian economy is doing with key indicators. GDP and Ivey PMI are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week, a slowdown in [&hellip