Post Tagged with: "Ivey PMI"
USD/CAD Outlook – September 5-9
The Canadian dollar followed the US weakness and retreated. A busy week is a head with the rate decision, employment figures, housing data and Ivey PMI. Here’s an outlook for the Canadian events, and an updated technical analysis for the Canadian dollar. Last week Canadian domestic growth rate has rebounded in June after 0.3% drop in the previous month. This
USD/CAD Partiy Only a Step Away
The Canadian dollar is retreating against the US dollar as markets tumble down. It is only one resistance level away from parity. Quick update. It isn’t only the downgrade by S&P, but also the things that happened beforehand and afterwards, that weigh on the loonie: Internal reasons: Mixed employment figures: Canada saw a drop in
Forex Daily Outlook – August 5 2011
Non-Farm Employment Change in the US and Building Permits in Canada are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Non-Farm Employment Change, monthly report to measure the employed peoples excluding the farming business, significant raise is expected from 18K on the last month to 89K
USD/CAD Outlook – August 1-5
Employment data, Building permits and Ivey PMI are the main events this week. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. Last week wildfires and maintenance shutdowns brought GDP down by 0.3% in May compared to April slowing mining and gas extraction. The Price of raw materials dropped unexpectedly by 2.2% and the
Forex Daily Outlook – July 7 2011
Unemployment Claims in the US and Minimum Bid Rate in the UK are the main highlight on today’s outlook. Let’s see what awaits us today. In the US, ADP Non-Farm Employment Change indicating the number of people employed in the private sector gained only 38,000 in May vs. 177,000 in the previous month. This reading
USD/CAD Outlook – Jul 4-8
The Canadian dollar enjoyed rising oil prices and general optimism to make nice gains. Housing and employment data are the major events this week. Here’s an outlook for the Canadian events, and an updated technical analysis for the Canadian dollar Last week GDP reading showed Canadian economy started Q2 with no change after a previous
Canadian Dollar – June 6-10
Many important events await traders of the Canadian dollar with Employment and Housing Data, Ivey PMI and Trade Balance. Here’s an outlook for the 7 events that will rock the loonie this week, and an updated technical analysis for USD/CAD. The Bank of Canada provided a very hawkish outlook for the future, and this boosted
USD/CAD Outlook – May 2-6
Building Permits, Ivey PMI and of course the employment data are the major market-movers this week. Here is an outlook on the main events that will rock the loonie, and an updated technical analysis for USD/CAD. Canada’s economy squeezed down in February, temporarily weakening the Canadian dollar. This goes hand in hand with the squeeze
Forex Daily Outlook – April 6 2011
Ivey PMI in Canada & Manufacturing Production in the UK are only a few of today’s highlights. Let’s see what awaits us today. In the US, Crude Oil Inventories, barrels of held in inventory by commercial firms during the past week; is about to be 2.9M. Impacts growth as many industries rely on oil to
USD/CAD Outlook – April 4-8
Many important events are lined for this week with BOC Business Outlook Survey, Ivey PMI, Building Permits and more. Here is an outlook on the market-movers ahead and an updated technical analysis for USD/CAD, now on lower ground. NDP Leader Jack Layton suggested raising corporate tax to 19.5% getting $5.9-billion in annual tax revenue, while