Post Tagged with: "IPPI"

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 household debt levels and feeble employment growth. Will this trend continue?

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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 [&hellip

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, [&hellip

Forex Daily Outlook January 5 2012

Forex Daily Outlook January 5 2012

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. More in the [&hellip

USD/CAD Outlook January 2-6 2012

USD/CAD Outlook January 2-6 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 [&hellip

USD/CAD Outlook Nov. 28-Dec. 2

USD/CAD Outlook Nov. 28-Dec. 2

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. [&hellip

Forex Daily Outlook – October 31 2011

Forex Daily Outlook – October 31 2011

We start the week with some interesting events such as Chicago PMI in the US and GDP  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. [&hellip

USD/CAD Outlook – Oct. 31-Nov. 4

USD/CAD Outlook – Oct. 31-Nov. 4

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 [&hellip

Forex Daily Outlook – September 29 2011

Forex Daily Outlook – September 29 2011

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, [&hellip

USD/CAD Outlook – September 26-30

USD/CAD Outlook – September 26-30

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 [&hellip