Post Tagged with: "loonie"
USD/CAD Outlook – June 21-25
The loonie enjoyed risk appetite for a second week in a row. This week consists of key indicators for the next rate decision. Here’s an outlook for Canadian events and an updated technical analysis for USD/CAD, which is closer to parity once again. USD/CAD chart with resistance and support lines on it. Click to enlarge:
USD/CAD Ready for Parity Once Again
Foreign Securities Purchases, which express the level of confidence that foreigners put in Canada, jumped to 12.36 billion, much higher than 2.87 billion Canadian dollars that was expected. This keeps USD/CAD in the lower range it reached, eying parity once again. After a month in which foreigners took money out of Canada, they now showed
USD/CAD Outlook – June 14-18
Many economic figures are released in Canada in the upcoming week, but the highlights will be two appearances by Mark Carney, head of the BOC. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD, now at lower levels. USD/CAD graph with support and resistance lines on it. Click to enlarge:
USD/CAD Outlook – June 7-11
The Canadian dollar didn’t really enjoy the rate hike and the better-than expected GDP, in a very busy week. The governor of the central bank will have a chance to explain the rate hike and talk about future moves, and there are additional releases as well. Here’s an outlook for the Canadian events, and an
Strong Canadian Job Growth Leaves Loonie Unexcited
Canadian job figures surprised once again – 24,700 jobs were gained, 50% more than expected. The unemployment rate remained unchanged at 8.1%. No surprise here, but this is still great. The Canadian dollar wasn’t excited. The Canadian Department of Labour Force Survey showed that gains were mostly seen in the services industries, and included gains
USD/CAD Outlook – May 31 – June 4
A combination of GDP, a rate decision and employment figures promise an exciting week for the Canadian dollar. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. USD/CAD graph with support and resistance lines marked. Click to enlarge: An improvement in the current account and the temporary relief that the
USD/CAD Outlook – May 24-28
The Canadian dollar managed to correct some of its losses on positive data on Friday, but is already far from parity. Here’s an outlook for Canadian events and an updated technical analysis for USD/CAD. The focus is on the technicals this week. USD/CAD chart with support and resistance lines marked. Click to enlarge: The higher-than-expected
USD/CAD Outlook – May 10-14
Various economic events will impact the Canadian dollar in the upcoming week, after the strong rise that was seen in Canadian employment. Here’s an outlook for these events and an updated technical analysis for USD/CAD, now far from parity. USD/CAD chart with support and resistance lines marked. Click to enlarge: The Canadian dollar didn’t escape
USD/CAD Outlook – May 3-7
After a bad week, the Canadian now dollar expects the important employment figures among other indicators. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. USD/CAD graph with support and resistance lines marked. Click to enlarge: Canada mostly suffered from risk aversive trading due to the expanding Greek crisis. But
USD/CAD Parity Battle Continues on Slower Canadian Growth
Canadian monthly GDP rose by 0.3% in February, slower than expected. This sets the stage for a close above parity this week. Will the rate decision wait? The rise of 0.3% missed early expectations that saw a 0.5% growth rate in February, although some economists saw this smaller growth rate. This was half of January’s