Post Tagged with: "USD/CAD Technical Analysis"
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
USD/CAD Outlook Nov. 28-Dec. 2
The Canadian dollar couldn’t hold its ground against a rising US dollar, and USD/CAD continued north. GDP and employment figures are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. The crisis in Europe is definitely taking its toll. The failed German auction was the highlight of an eventful week.
USD/CAD Outlook November 21-25
The Canadian dollar retreated against the soaring US dollar. Retail sales figures are the highlight of this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. Last week, manufacturing sales jumped by 2.6%, well above the 1.1% rise expected and inflation grew more than predicted with CPI rising 0.2% and Core CPI
USD/CAD Outlook November 14-18
The Canadian dollar reversed some of its losses against the greenback in a tense week. The inflation rate is the major event this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week, Canadian dollar dropped due to growing demand for U.S. currency following Italy’s bond turmoil, but this reversed. Housing starts
USD/CAD Outlook November 7-11
The Canadian dollar couldn’t keep up the fight as European troubles and also a jump in local unemployment weighed on it. Housing Starts and trade balance 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, Canadian GDP came out better than expected expanding 0.3% indicating
USD/CAD Outlook – Oct. 31-Nov. 4
The Canadian dollar made more gains against the US dollar and crossed the line of parity. GDP and employment data are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week, despite positive figures reflecting improvement in the Canadian economy, the BOC remains quite cautious. The last rate statement did
USD/CAD Outlook – October 24-28
The Canadian dollar continued making gains against the greenback getting closer to parity. Will it reconquer it now? The interest rate decision and retail sales are the highlights of this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Inflation is on the rise in Canada, and this lowers the chances of a
USD/CAD Outlook – October 17-21
The Canadian dollar enjoyed a superb week, with USD/CAD closing much lower and getting closer to parity. BOC Business Outlook Survey and inflation data are the major event this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. Last week a positive week for the Canadian economy with a better than expected
USD/CAD Outlook – October 10-14
The Canadian dollar had a roller coaster week, falling to levels unseen in a long time but making an impressing recovery. Housing starts and trade balance are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. The impressing Canadian job report pumped a lot of energy into the loonie and changed the
USD/CAD Outlook – October 3-7
The Canadian dollar continued to retreat against its southern neighbor. Where will it stop? Ivey PMI and especially employment figures in Canada and in the US are the highlights of this week. Here’s an outlook for the Canadian events and an updated technical analysis for the USD/CAD. Last week GDP growth rate for July rose in line with expectations by