Post Tagged with: "USD/CAD"
Canadian Dollar Retreats from Parity on Greek Troubles
The Canadian dollar managed to rise, shine and rise against the greenback, beating parity. But the huge mess following the announcement of a referendum in Greece sent USD/CAD back up. Canadian GDP for the month of August came out better than expected: 0.3% instead of 0.2%. This joined a positive GDP report for July and
USD/CAD: Trading the Canadian Core CPI Release
The Canadian CPI, also known as inflation, measures the change in the price of goods and services charged to consumers. Core CPI excludes eight volatile components, notably food and energy. A reading that exceeds the market forecast is generally bullish for the Canadian dollar. Here are all the details, and 5 possible outcomes for USD/CAD. Published on
USD/CAD: Trading the Canadian Housing Starts
The Canadian Housing Starts indicator is considered by analysts as a good measure of consumer demand in the housing sector. As a house is likely to be the largest purchase that a consumer will make, this indicator provides critical data about the mood of consumers and the health of the economy. Here are all the
USD/CAD Dives on Excellent Canadian Employment Data
Canada gained an impressing 60,900 jobs in September, far more than 15.2K that was expected. The unemployment rate dropped from 7.3% to 7.1% beating expectations of an unchanged figure. This doubles surprise sends USD/CAD lower USD/CAD was trading around 1.04 before the release, and is now on the move, currently at 1.0340. The move continues.
USD/CAD: Trading Canadian Employment Change
The Canadian employment change is an important leading indicator which has a significant impact on the markets. Traders and analysts carefully scrutinize employment figures, and a reading higher than forecast could lift the loonie. Here are the details and 5 possible outcomes for USD/CAD. Published on Friday at 11:00 GMT. Indicator Background Job creation is
USD/CAD Rises to 13 Month High on European Debt Crisis
The Canadian dollar could not stay immune to the influx of bad news from the old continent and continued falling against the greenback. USD/CAD broke another resistance level and continues rising sharply. Update. The better-than-expected manufacturing PMI in the US provided some good news for Canada as well. Stronger demand from the US helps the
Canada Began Q3 With Good Growth – Loonie Unexcited
The Canadian dollar managed to recover against the US dollar before the release of Canadian GDP, and now makes a small retreat as Canada prints 0.3% growth in the month of July, the first month of Q3, exactly as expected. Putting expectations aside, this is a nice growth rate, but it didn’t exceed expectations. These
USD/CAD: Trading the Canadian GDP
The Gross Domestic Product (GDP) indicator measures the production and growth of the economy. Analysts consider GDP one of the most important economic indicators, thus the publication of the Canadian GDP can have an immediate effect on USD/CAD. Here are all the details, and 5 possible outcomes for USD/CAD. Published on Friday at 15:30 GMT.
Commodity Currencies Gain Against Greenback on Positive US Figures
US jobless claims fell to 391K, the lowest level since April. This is far better than 420K that was expected. GDP for the second quarter was revised to the upside – 1.3% (annualized). A revision from 1% to 1.2% was expected. These figures, and especially the unemployment claims, show that the recession might not be
USD/CAD at Highest in 2011 Following Bernanke
The Canadian dollar made a big retreat against the US dollar after the Federal Reserve didn’t deliver extreme monetary stimulus. The market was looking for more than Operation Twist in order to boost “commodity currencies” such as the loonie. When will it go from here? Update. USD/CAD is now trading at around 1.0120. It already