Post Tagged with: "USD/CAD"
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
USD/CAD Plays With Parity Again – Will Bernanke Disappoint?
The Canadian dollar is losing ground once again, and flirting with parity against the greenback. The move comes ahead of the all important FOMC decision later on. Is the market expecting a disappointment from Bernanke? Bernanke and his colleagues at the US central bank are expected to announce new measures of monetary stimulus in order
USD/CAD Hits Parity on Greek Troubles, Global Slowdown
The Canadian dollar is weaker than the US dollar once again. The growing fear that Greek will default, as well as other local economic worries weigh on the loonie as the greenback surges across the board. If the break is confirmed, USD/CAD will struggle to move higher, as the next resistance line is close. Update
USD/CAD Parity Gets Closer As Canada Loses Jobs
The Canadian job market surprisingly lost 5500 jobs in August. Expectations were much higher – for a gain of 24.2K. The unemployment rate ticked up from 7.2% to 7.3% as expected. USD/CAD is now moving higher, with parity getting closer. This follows the disappointment seen last month, when Canada gained only 7.1K jobs. The months
USD/CAD: Trading the Canadian Employment Change
The Canadian employment change is an important leading indicator which tends to have a significant impact on the markets. Traders always take a close look at employment figures, and the employment change numbers could affect USD/CAD. Here are the details and 5 possible outcomes for USD/CAD. Published on Friday at 11:00 GMT. Indicator Background Job creation is