Post Tagged with: "USD/CAD Technical Analysis"
USD/CAD Outlook – August 1-5
Employment data, Building permits and Ivey PMI are the main events this week. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. Last week wildfires and maintenance shutdowns brought GDP down by 0.3% in May compared to April slowing mining and gas extraction. The Price of raw materials dropped unexpectedly by 2.2% and the
AUD/USD Takes Out Major Resistance, USD/CAD Under Pressure
AUDUSD: Takes Out Major Resistance, Resumes Long Term Uptrend. AUDUSD: With the pair breaking through the 1.1009 level, its 2011 high on Tuesday and following through higher in early trading today, further upside gains are likely in the days ahead. This is coming on the back of a recovery tone set from the 1.0389 level,
USD/CAD Outlook – July 25-29
After reaching multi year highs against the greenback, the Canadian dollar took some air. Where will it go from here? Gross domestic product is the highlight of this week. Here’s an outlook for the Canadian events, and an updated technical analysis for the Canadian dollar Last week brought good tidings for the Canadian economy with strong figures
USD/CAD Outlook – July 18-22
USD/CAD dipped into lower ground in the past week. The rate decision, BOC Press Conference, inflation data and retail sales are the highlights of a busy week. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD. Last week Canadian housing starts rose unexpectedly amid strong sales activity in Ontario reaching 197,400 new
USD/CAD Outlook – July 11-15
Market moving events await us this week with Housing starts, BOC business outlook survey and the Trade balance. Here’s an outlook for the Canadian events, and an updated technical analysis for the Canadian dollar Last week did not end on a positive note for the Canadian market despite better than expected figures in housing, Manufacturing and employment
USD/CAD Outlook – Jul 4-8
The Canadian dollar enjoyed rising oil prices and general optimism to make nice gains. Housing and employment data 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 GDP reading showed Canadian economy started Q2 with no change after a previous
EUR/JPY Holds on to Recovery, USD/CAD Continues Bearish Momentum
EURJPY: Holds On To Recovery Tone, Aims At The 117.90 Level. EURJPY- Our outlook remains higher on EURJPY for further corrective recovery. With continued hold on to most of gains triggered from the 113.49 level, further strength should build up towards the 117.90 level, its Jun 07’2011 high. A strong foothold above the 117.90 level
Canadian Dollar Consolidating, EUR/GBP Reverses Gains
USDCAD: Consolidating With Upside Bias USDCAD: Price hesitation may have set in ahead of its long term falling trend line but USDCAD continues to maintain its overall short term upside.An attempt on the mentioned trendline is likely on ending its present hesitation. A convincing violation of that level will call for further strength towards the
USD/CAD Outlook – Jun 27-July 1
With lower oil and a weak US economy, the Canadian dollar found itself on the retreat. Inflation data and GDP 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 Retail sales rose below expectations indicating a weakening in the Canadian market with
USD/CAD Outlook – June 20-24
The Canadian dollar retreated against the greenback due to the global turmoil and falling oil prices. Retail sales figures are the top event this week. Here’s an outlook for the Canadian trading events, and an updated technical analysis for the Canadian dollar The Canadian Dollar dropped to a three month low vs. the U.S dollar as a