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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 gaining 0.3% amid larger sales volume and food purchases.  However May’s release came after  0.6% decline in April. Meanwhile Core sales excluding motor vehicle and parts climbed 0.5% beating expectations for a 0.1% gain. On the whole, these are good results which will hopefully contribute to the GDP this week.

Read the rest of the article USD/CAD Outlook Jul. 30 – Aug. 3
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

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

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

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%

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

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

USD/CAD Outlook March 26-30

USD/CAD Outlook March 26-30

The Canadian dollar slid against the greenback, but USD/CAD eventually remained below parity. Canadian GDP is the main event this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week Wholesale sales and retail sales registered lower than expected readings signaling a temporary contraction in the Canadian economy amid high

USD/CAD Outlook Feb. 27-Mar. 2

USD/CAD Outlook Feb. 27-Mar. 2

The Canadian dollar partially enjoyed the rise in oil prices. It could backfire and hit the US economy, Canada’s No. 1 trade partner. GDP is the highlight event this week.  Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week, retail sales dropped 0.2% in December posing the first decline in

USD/CAD Outlook Jan. 30- Feb. 3

USD/CAD Outlook Jan. 30- Feb. 3

The Canadian dollar is touching parity with the greenback after another week of gains. Gross Domestic Product and employment figures are the highlights of this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Ben Bernake’s extended rate pledge and hints of QE3 certainly helped weaken the US dollar. In Canada,