Post Tagged with: "USD/CAD Technical Analysis"
USD/CAD Outlook February 6-10
The Canadian dollar had an excellent week, riding on good figures from the US rather than from its own data. After closing under parity, can the pair move further down? Ivey PMI and housing data are the highlight of this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week,
USD/CAD Outlook Jan. 30- Feb. 3
The Canadian dollar is touching parity with the greenback after another week of gains. Gross Domestic Product and employment figures are the highlights of this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Ben Bernake’s extended rate pledge and hints of QE3 certainly helped weaken the US dollar. In Canada,
USD/CAD Outlook January 23-27
The Canadian dollar made nice gains against the greenback for a second week in a row. Will parity be broken now? Retail sales and leading index are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. Strong figures were released last week with a surge
USD/CAD Outlook January 16-20
The loonie enjoyed some gains against the greenback, but these eventually met a wall. The rate decision and inflation data are the main events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week, positive housing data with new housing starts increasing unexpectedly to 200,200 units in December from 186,000 inthe
USD/CAD Outlook January 9-13
The Canadian dollar had a rough week, and surrendered to the greenback’s superiority. BOC Business Outlook Survey and Building Permits are the main events this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. Last week, Ivey PMI figures increased unexpectedly to 63.5 from 59.9 in the previous month suggesting
USD/CAD Outlook January 2-6 2012
The Canadian dollar managed to erase a bit of its yearly losses in the last week of 2011. Employment figures are the main event this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Tensions around Iran’s military exercise in the straights of Hormuz keep oil prices from falling, and this
USD/CAD Outlook December 26-30
The Canadian dollar made significant gains against the greenback just before the holidays. The upcoming week features no significant economic indicators, so the outlook focuses on technicals. Canadian GDP disappointed by remaining unchanged in October, the first month of Q4. On the other hand, fresh retail sales figures came out better than expected, providing hope. Updates: The
USD/CAD Outlook December 19-23
The Canadian dollar bowed to the greenback’s strength and lost a lot of ground. Inflation data and GDP are the main events. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week BOC Governor Mark Carney made a speech in Toronto asking businesses to boost investments and enter emerging markets. He
USD/CAD Outlook December 12-16
The Canadian dollar kept its balance against the greenback. How will Mid-east tensions move the pair? Leading Index and Foreign Securities Purchases are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. Last week the Bank of Canada members left the interest rate unchanged at 1% confident in
USD/CAD Outlook December 5-9
The Canadian dollar managed to gain against the greenback on the European hopes. Rate decision and housing data are the main market-movers this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week was less optimistic for the Canadian economy with lower than forecasted GDP figures indicating slower growth of 0.2% and disappointing