Post Tagged with: "loonie"
USD/CAD Outlook – August 9-13
A few interesting releases expect the loonie. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines marked. Click to enlarge: Canada’s employment figures were very disappointing, and only a bigger disappointment in Non-Farm Payrolls from the US stopped USD/CAD from going higher. Let’s
USD/CAD Jumps on Disappointing Canadian Jobs
After seeing outstanding results in recent months, Canadian job figures were disappointing this time – a drop of 9,300 jobs, falling short of an expected gain of 13,700 jobs. Also the unemployment rate rose from 7.9% to 8%. USD/CAD broke above resistance. In the hour before the publication of the jobs data, USD/CAD went back
USD/CAD Outlook – August 2-6
The loonie will move on US data during most of the week, but the busy end of the week promises tension. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD daily chart with support and resistance lines on it. Click to enlarge: Canada’s monthly GDP rose by 0.1%, exactly
USD/CAD Outlook – July 26-30
The monthly release of GDP on Friday is stands out in a light-calendered week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines on it. Click to enlarge: The initial reaction to the rate hike was weak, as the BOC also lowered the
Bank of Canada lowers expectations – USD/CAD rises
The Bank of Canada did it again – the rates were raised by 0.25% to 0.75%. There was a consensus for this move. What wasn’t expected was a weaker forecast for the Canadian economy. So, the decision hurts the Canadian dollar. USD/CAD now trades at 1.5560, about 40 pips higher than before the release. Will
USD/CAD Outlook – July 19-23
Loonie traders expect a busy week, with important releases every day of the week, with the rate decision being the main highlight. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. USD/CAD daily chart with support and resistance lines marked. Click to enlarge: The Canadian dollar continued enjoying the superb
USD/CAD Outlook – July 12-16
The Canadian dollar expects 4 events in the upcoming week, after rising against the greenback. Here’s an outlook for these events and an updated technical analysis for USD/CAD. USD/CAD daily chart with support and resistance lines. Click to enlarge: Excellent employment figures on Friday gave a huge boost to the loonie. It seems that the
USD/CAD Drops on Excellent Canadian Job Figures
Canadian unemployment rate fell to 7.9% and 93,200 jobs were gained. This huge surprise sends USD/CAD way down below the support line. Early expectations saw the unemployment rate unchanged at 8.1%, as it didn’t change last month. Not only did it fall, but it dropped below the round number of 8%. And similar to the
USD/CAD Outlook – July 5-9
Employment figures are the highlight of this week’s loonie trading. 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: The Canadian dollar continues to be sensitive to the price of oil, as well as the troubles in
USD/CAD Outlook – June 28 – July 2
Canadian monthly GDP is the highlight in the upcoming week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. USD/CAD daily chart with support and resistance lines on it. Click to enlarge: Canadian CPI came out as expected, and this wasn’t loonie-positive. There’s no rush for speedy tightening cycle by