ADP Non-Farm Employment Change in the US and Ivey PMI in Canada are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, weekly report that is important for monetary health, value new unemployment insurances over the last week, decrement is due from 381K down to 375K now.
Read the rest of the article Forex Daily Outlook January 5 2012
The Canadian dollar managed to erase a bit of its yearly losses in the last week of 2011. Employment figures are the main event this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Tensions around Iran’s military exercise in the straights of Hormuz keep oil prices from falling, and this
The Canadian dollar couldn’t hold its ground against a rising US dollar, and USD/CAD continued north. GDP and employment figures are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. The crisis in Europe is definitely taking its toll. The failed German auction was the highlight of an eventful week.
We start the week with some interesting events such as Chicago PMI in the US and GDPÂ in Canada as the main highlight on today’s outlook. Let’s see what awaits us today. In the US, Chicago Purchasing Managers’ Index (PMI); monthly managers in Chicago survey to value the business conditions for employment, new orders etc.
The Canadian dollar made more gains against the US dollar and crossed the line of parity. GDP and employment data are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week, despite positive figures reflecting improvement in the Canadian economy, the BOC remains quite cautious. The last rate statement did
Pending Home Sales in the US and Nationwide HPI in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, weekly measurement of the persons that filed for unemployment cover, reduces from 423K on the last week to 420K this time. Later in the US, Pending Home Sales,
One Canadian dollar is now worth significantly less than one US dollar as the loonie surrendered to the greenback . GDP is the highlight of this week. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. The lack of QE3 in Bernanke’s statement and especially the comment about downside risks to the economy weighed heavily
The Canadian dollar has traded in a choppy manner against the greenback, especially after the release of US GDP. Gross domestic product in Canada is the main event this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. Last week Retail sales gained 0.7% above the 0.6% increase expected
After reaching multi year highs against the greenback, the Canadian dollar took some air. Where will it go from here? Gross domestic product is the highlight of this week. Here’s an outlook for the Canadian events, and an updated technical analysis for the Canadian dollar Last week brought good tidings for the Canadian economy with strong figures
We start the week with Construction PMI in the UK and RMPIÂ in Canada as the main highlight on today’s outlook. Let’s see what awaits us today. In Canada, Raw Materials Price Index (RMPI) monthly measurement to value the price change of raw supplies acquired by manufacturers, after a rise to 6.8% on the last