Post Tagged with: "loonie"
The dollar’s allure
September’s love affair with the dollar has continued on the first day of the new trading month, with the greenback enjoying further gains against all major currencies. Once again it is Europe’s inability to agree a strategy for combating its increasingly desperate sovereign debt and banking crisis which is contributing to the dollar’s allure. Overnight,
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
USD/CAD Retreats on Surprising Drop in Canada’s Unemployment Rate
The Canadian job market gained only 7,100 jobs in July, weaker than a gain of almost 18K that was expected, and lower than last month’s gain. But on the other hand, the unemployment surprised with a drop to 7.2%, lower than 7.4%, that was predicted. The Canadian dollar is now retreating from resistance. The significant
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
11 Forex Predictions for 2011
Exciting 2010 is behind us, and it’s time to discuss what can happen in 2011. Here are the expectations for currency movements and also for trends in forex trading. It’s very hard to make predictions for a full year, because so much can happen, but there are some trends that can continue or fade away.
[Video] Winds of Change in EUR/USD, Vulnerable Pound and Meaning of CFTC Rules
On the weekly interview on Forex TV, I spoke with Julie Sinha about the major events this week, opportunities in the Euro, Pound and Loonie, and also covered the meaning of the new CFTC rules, that came into effect today. Enjoy!
USD/CAD Outlook – September 6-10
A very busy week expects loonie traders, including a rate decision and employment data. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD daily graph with support and resistance lines on it. Click to enlarge: Canadian GDP for the second quarter, completed with the past week’s release for June,
USD/CAD Outlook – August 30 – September 3
The Canadian dollar expects another rather calm week, but with one key event to rock it – GDP. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD, now on higher ground. USD/CAD daily chart with support and resistance lines marked. Click to enlarge: Weak retail sales and the growing notion
USD/CAD Outlook – August 23-27
Loonie traders expect a calm week in terms of Canadian events. Here’s an outlook for these events and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines marked. Click to enlarge: Most indicators were weak last week – foreign cash flows squeezed significantly, wholesale sales shrunk, and Core CPI unexpected dropped,
USD/CAD Outlook – August 16-20
A busy week expects loonie traders, with inflation figures providing a strong finish. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. USD/CAD graph with support and resistance lines on it. Click to enlarge: The Canadian dollar retreated mostly on the FOMC Statement, and not on Canadian issues. This week,