Post Tagged with: "Mark Carney"
Canadian Dollar – December 13-17
Many events await forex traders this week with Mark Carney’s speech, Labor Productivity, Leading Index and more. Here’s an outlook for the Canadian events, and an updated technical analysis for the Canadian dollar. The Bank of Canada maintained its key interest rate last week which will be unchanged into next year. The BOC is stressing
Canadian Dollar Strength Worries the BOC
The Bank of Canada left the interest rate unchanged at 1% as expected. In the accompanying statement, the BOC warned that while economic conditions haven’t changed materially, risks have risen, due to European debt issues and the strength of the Canadian dollar. USD/CAD rose as a first reaction but dropped afterwards
Forex Daily Outlook – November 9 2010
Manufacturing Production in UK & Governor Mark Carney speech in Canada are only some of the important events on the upcoming outlook. Let’s see what awaits us today. In the US, Investor’s Business Daily (IBD) / TechnoMetrica Institute of Policy and Politics (TIPP) Economic Optimism, Monthly Survey of about 900 consumers to rate the relative
Forex Daily Outlook – October 27 2010
US Durable Goods Orders, American New Home Sales and Japan’s Rate decision are the major events on this busy day. Here is an outlook on the market movers today. In the US, Durable Goods Orders –a Drop of 1.3% in New Orders for Durable Goods was witnessed last month due to volatile transportation equipment of
Forex Daily Outlook – October 26 2010
American CB Consumer Confidence, US S&P/CS Composite-20 HPI and British Preliminary GDP are the major events today. Here is an outlook on the most influential activities awaiting us in the next 24 hours. In the US, American CB Consumer Confidence fell to a reading of 48.5 in September from 53.2 in August due to less favorable business
Forex Daily Outlook – September 30 2010
A very hectic day is expected. In the US Fed Chairman Bernanke Testifies & speaks in Washington DC; in Canada GDP; Building Approvals in Australia; NBNZ Business Confidence in New Zealand and more interesting news. Let’s see what awaits us today. In the US, Federal Reserve Chairman Ben Bernanke testifies on implementation of the Dodd-Frank
USD/CAD Outlook – September 27 October 1
GDP is the highlight in the upcoming week of the struggling loonie. Here’s an outlook for Canadian events, and an updated technical analysis for USD.CAD. USD/CAD daily graph with support and resistance lines marked. Click to enlarge: In the past week, the Canadian dollar underperformed in comparison to the other important commodity currency – the
Forex Daily Outlook – September 14 2010
U.S. Retail Sales, U.S. Business Inventories and German ZEW Economic Sentiment are the leading events on our calendar. Here is an outlook for the main activities awaiting us today. In the US, Retail Sales important gauge of consumer spending measuring the total receipts at retail establishments improved last month after two drops. Retail sales are
USD/CAD Down on Canadian Rate Hike
The Bank of Canada raised the interest rate for a third time in a row to 1%. This partial surprise sends USD/CAD down to another attempt on the support line. USD/CAD fell from 1.0470 to 1.0415 at the time of writing. The Canadian dollar is now approaching a significant line: Update 14:00 GMT: Canada’s important
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