Post Tagged with: "loonie"
USD/CAD Outlook – March 22-26
USD/CAD was just 60 pips away from parity but retreated on the greenback’s strength. It’s still in a tight range close to this ultimate line. This week doesn’t have too many Canadian events, so this week’s outlook will be mostly technical. USD/CAD graph with support and resistance lines marked. Click to enlarge: Friday’s stronger-than-expected rise
Forex Daily Outlook – March 16th 2010
The week opened with dollar strength on a rather light calendar. Today is already very bust: major releases in Europe are followed by the rate decision in the US: will Bernanke send new signals? Here’s the daily outlook. The strong volatility seen on Monday’s trading was also influenced by the different time difference between Europe
USD/CAD Outlook – March 15-19
The Canadian dollar made a significant move at the end of the week, and approaches parity with the US dollar. 6 events will shape the direction of the loonie, with the most important ones kept for Friday. Here’s an outlook and an updated technical analysis for USD/CAD, now on lower ground. USD/CAD chart with support
USD/CAD Breaks Support Line on Jobs – Road to Parity Open
Canadian employment data was slightly better than expected. This was the hay that broke the camel’s back – after a week of struggle, USD/CAD finally broke 1.02 and heads down to parity. Canada’s employment figures surprised analysts for a second month in a row. Contrary to last month’s huge surprise, the numbers were only slightly
USD/CAD Outlook – March 8-12
The Canadian dollar broke lower. It’s now awaiting the all-important employment figures. Here’s an outlook for the upcoming events in Canada and an updated technical analysis for USD/CAD. USD/CAD graph with support and resistance lines on it. Click to enlarge: One of the things that helped the loonie was the GDP release – it showed
Forex Daily Outlook – March 4th 2010
Tension rises in the forex market as the calendar is very busy today. The highlights are rate decisions in Europe and Britain, plus a busy American calendar. Let’s see what’s awaiting us today. Tension also comes from a possible resolution to the Greek crisis (although fragile), and the hints towards the big event on Friday:
USD/CAD Outlook – March 1-5 2010
The Canadian dollar retreated this week but didn’t lose too much. The week ahead contains the GDP release, a rate decision and a few more important events. Here’s the 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: One figure is
USD/CAD Outlook – February 22-26
The Canadian dollar showed strength and made gains on a week with many events that met expectations. The Canadian calendar is rather light in the upcoming week, so the outlook will be mostly technical, for USD/CAD. USD/CAD graph with support and resistance lines marked. Click to enlarge: The loonie enjoyed the unwinding Greek crisis to
Forex Daily Outlook – February 19th 2010
The week ends with more important releases: British and Canadian retail sales and American inflation numbers among other releases. Let’s review the events: Commodity currencies enjoyed a good week, riding on less fear in the markets. Will they manage to close the week higher? In recent weeks, Fridays were quite crazy
USD/CAD Outlook – February 15-19
In the past week, the loonie gained nice ground against the greenback. The upcoming week provides many important indicators. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. USD.CAD graph with resistance and support lines marked. Click to enlarge: The most important release is CPI. Can prices pick up and