Post Tagged with: "USD/CAD Technical Analysis"

USD/CAD Forecast Oct. 13-17

The Canadian dollar posted weekly gains for the first time in three weeks, as USD/CAD closed slightly below the 1.12 line. This week’s highlights are Manufacturing Sales and Core CPI. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.

Canadian job data was outstanding, as Employment Claims jumped to their highest level in over a year. However, the falling price of oil hurt the Canadian dollar. In the US, the dollar softened after unexpectedly dovish FOMC minutes, where the central bank expressed concern about the recent strength of the dollar against its major rivals.

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Canadian Employment Data: What To Expect & How To Position? -Credit Agricole

Canadian Employment Data: What To Expect & How To Position? -Credit Agricole

Canadian job figures get the full attention this time: they are published separately form the US Non-Farm Payrolls. What is the best positioning on CAD? Credit Agricole provides its view, pointing out an interesting Canadian cross as well as the classic USD/CAD. Here is their view, courtesy of eFXnews: The highlight for CAD this week is the [&hellip

USD/CAD: Corrective Pullback Not Yet Over

USD/CAD: Corrective Pullback Not Yet Over

USDCAD: With the pair weakening strongly on correction on Monday, it face further downside pressure. Despite price hesitation corrective bias remains. On the downside, support lies at the 1.1100 level followed by the 1.1050 level where a reversal of roles as support is envisaged. Further out, resistance resides at the 1.1000 level and then the [&hellip

USD/CAD Forecast Oct. 6-10

USD/CAD Forecast Oct. 6-10

The Canadian dollar lost close to a cent last week, as USD/CAD closed above the 1.12 line for the first time since March. This week’s highlights are Building Permits and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Canada’s trade balance posted a deficit for the first time in three months. [&hellip

USD/CAD Outlook ahead of the Canadian GDP data – September 2014

USD/CAD Outlook ahead of the Canadian GDP data – September 2014

The Canadian dollar was mostly flat against most of its peers while it weakened a bit against the Greenback. Today’s key risk for the Canadian dollar is the release of the monthly GDP data, which is expected to be soft posting a 0.2% growth down from 0.3% last month. Most notably, the USDCAD and EURCAD [&hellip

USD/CAD: Trading the Canadian GDP

USD/CAD: Trading the Canadian GDP

Canadian GDP is a measurement of the production and growth of the economy and is considered one of the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Update: Canadian GDP flat in July – USD/CAD rises Here are all the details, and 5 [&hellip

USD/CAD Forecast Sep. 29-Oct. 3

USD/CAD Forecast Sep. 29-Oct. 3

The Canadian dollar dropped sharply last week, surrendering about 200 cents against the US dollar. USD/CAD closed the week at 1.1142, its lowest level since March. This week’s highlight is GDP. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Canadian Core Retail Sales disappointed, posted its first decline since January. The US economy [&hellip

USDCAD: Maintains Offensive Bias

USDCAD: Maintains Offensive Bias

USDCAD: With USDCAD continuing to retain its broader upside bias, further bullishness is now envisaged. In such a case, it will aim at 1.1097 level. On the upside, resistance is seen at the 1.1150 level followed by the 1.1200 level. Further out, resistance comes in at the 1.1250 level where a turn lower may occur. [&hellip

USD/CAD Forecast Sep. 22-26

USD/CAD Forecast Sep. 22-26

The Canadian dollar rebounded last week, gaining over 100 cents against the US dollar. USD/CAD closed the week at 1.0962. This week’s highlight is Core Retail Sales. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. US  unemployment claims dropped sharply last week, and the Fed hinted that once rates are raised, subsequent hikes [&hellip

USD/CAD Forecast Sep. 15-19

USD/CAD Forecast Sep. 15-19

The Canadian dollar had its worst week of 2014, as USD/CAD jumped about 200 points, closing close to the 1.11 level. This week’s major releases are Manufacturing Sales, Core CPI and Wholesale Sales. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Canadian housing data was a mix last week, as Building Permits shined, while Housing [&hellip