$XAU $GLD $USD The Latin phrase Premeditatio Malorum tells us to prepare for all evils, and that means to prepare investment portfolios for all risks. It may take more time than most expect for the world economy to recover from the psychological and financial impacts of The China Virus chaos. But what that chaos proved was that […]
$DX $.DXY $USD $JPY $EUR $GBP $CAD Tuesday, the USD reversed late in the session and is now trading lower against a basket of major currencies. The selling pressure is being led by a strong upward surge in the Euro. The Canadian Dollar is also making a comeback along with the British Pound. The Japanese Yen has been strong all session […]
$VXX $USD $GBP $EUR $XAU $GLD Keeping tabs on the overall market correlation across assets on the risk or safe haven side was my focus at the weekend. Even though things eased last week with over $5-T in sidelined cash coming back in just 4 days, circumstances might see it snap back into the Bear’s […]
Canadian Dollar: USD/CAD (CAD=X) rallies into five-month low USD/CAD has managed to rally through the $1.3317 resistance level, continuing the bullish trend of higher highs and higher lows that has been in place for two months. That also sees the pair respect the rising channel, with trendline resistance up ahead. With that in mind, further gains […]
Canadian Dollar: USD/CAD (CAD=X) US consumer confidence next The Canadian dollar is almost unchanged in the Tuesday session. Currently, USD/CAD is trading at 1.3244, down 0.06% on the day. In economic news, there are no Canadian events. The U.S. releases CB Consumer Confidence, which is forecast to dip to 136.2 points. On Wednesday, the U.S. publishes Preliminary […]
Canadian Dollar: USD/CAD (CAD=X) Canadian employment slowed The Canadian dollar has edged lower in the Friday session. Currently, USD/CAD is trading at 1.3098, up 0.07% on the day. On the release front, Canadian employment change slowed to 11.2 thousand, short of the estimate of 12.7 thousand. However, the unemployment rate ticked lower to 5.8%, just below […]
Canadian Dollar: USD/CAD (CAD=X) U.S-China trade dispute could dampen economic growth The Canadian dollar is trading sideways in the Monday session. Currently, USD/CAD is trading at 1.3108, up 0.01% on the day. On the release front, it’s a quiet start to the week, with no Canadian events. In the U.S, there are two minor consumer […]
Canadian Dollar: USD/CAD (CAD=X) could rise more than 5% during months ahead The Canadian Dollar is set to remain in a holding pattern against the greenback over coming months but is likely to cede ground to an oversold Australian Dollar going forward, according to analysts at TD Securities and CIBC Capital Markets. Bank of Canada (BoC) monetary policy means […]
Canadian Dollar: USD/CAD (CAD=X) market remains on NAFTA watch The implication for the Canadian dollar is enormous. Given the stellar GDP print last week, a data-dependent BoC governor Poloz, and skyrocketing oil prices, 1.28’s would seem like a lock. But with commodity Bloc of currencies expected to receive a fillip from rising hard and soft […]
Canadian Dollar: USD/CAD (CAD=X) Bears in Control The Canadian dollar has posted small gains in the Thursday session. Currently, USD/CAD is trading at 1.2908, down 0.10% on the day. On the release front, Canada releases ADP nonfarm employment change. In the U.S, the Philly Fed Manufacturing Index is expected to jump to 17.5 points, while unemployment […]
Canadian Dollar: USD/CAD (CAD=X) rises as NAFTA optimism renews ahead of deadline for deal The Canadian Dollar advanced against rivals Wednesday amid renewed hopes a deal to save the North American Free Trade Agreement (NAFTA) could be announced before the week is out, and analysts at Goldman Sachs are forecasting the Loonie will continue to rise over […]
Forex: USD Fell on Canada’s Alignment with President Trump on Trade $USD/CAD The US fell Wednesday in Asia as sources said Canada was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement (NAFTA). US Dollar (.DXY) Index finished littl changed at 95.19, looking to […]
Canadian Dollar: USD/CAD (CAD=X) posted slight gains he Canadian dollar has posted slight gains in the Wednesday session. Currently, USD/CAD is trading at 1.3128, down 0.20% on the day. On the release front, there are no Canadian indicators for the remainder of the week. In the U.S, New Home Sales is forecast to drop sharply to […]
Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves The Canadian dollar inched higher overnight. It may be a busy week, but the Canadian dollar’s direction will be governed by broad U.S. dollar moves, at least until the end of the week. On Friday, Canada Retail Sales and Consumer Price Index […]
Canadian Dollar: USD/CAD (CAD=X) bulls making a fresh attempt to conquer 1.32 handle Momentum beyond the mentioned barrier is likely to get extended towards 1.3265 horizontal resistance before the pair eventually aims to reclaim the 1.3300 handle. On the flip side, mid-1.3100s now seems to have emerged as an immediate support, which if broken might […]
Canadian Dollar: USD/CAD (CAD=X) target 1.3500 With markets priced for a July BoC hike and the CAD having enjoyed a rally recently, we think much of the good news is in the price setting up for a “buy the rumour/sell the fact” outcome. We think CAD is one of the most poorly situated currencies in […]
Canadian Dollar: USD/CAD (CAD=X) Inches Higher The Canadian dollar is starting the week on a firm note. Friday’s domestic employment report didn’t do anything to prevent the Bank of Canada from promising an interest-rate hike for Wednesday. In fact, it may have encouraged the central bank. Statistics Canada reported 31,900 new jobs were created in […]
USD/CAD (CAD=X) Stalled Ahead of Friday Data The Canadian dollar has traded quietly for the past two days. USD/CAD has been stuck in a $1.3111-$1.3172 range while traders bide their time until the release of the U.S. and Canadian employment reports on Friday. Canada is expected to gain 17,500 jobs, a vast improvement from the […]
USD/CAD (CAD=X) Strength on USD Weakness May Be Temporary Canadian dollar at C$1.3142, or 76.09 U.S. cents Loonie hits strongest level since June 15, at C$1.3113 Price of U.S. oil rises 0.3 percent Bond prices fall across the yield curve The Canadian dollar steadied against its U.S. counterpart on Wednesday while holding near its strongest […]
USD/CAD (CAD=X) Spikes Have Failed The Canadian Dollar has been a much stronger performer in recent days, buoyed by the impressive gains in the Oil price the CAD has been able to hold its ground against the mighty Dollar. A lack of US data has left the bulk of the attention on US trade policy, […]
USD/CAD (CAD=X) on the Offensive Canadian dollar at C$1.3266, or 75.38 U.S. cents Chance of Bank of Canada July rate hike rises to 65 pct Price of U.S. oil rises nearly 1 percent Canadian bond prices move lower across the yield curve The Canadian dollar strengthened against its U.S. counterpart on Thursday, bolstered by a […]
USD/CAD (CAD=X) pares losses as July rate hike odds oscillate near 50 pct Canadian dollar at C$1.3336, or 74.99 U.S. cents Price of U.S. oil rises 3.2 percent Bond prices rise across the yield curve The Canadian dollar weakened to a one-year low against its U.S. counterpart on Wednesday before paring some losses as remarks […]
USD/CAD (CAD=X) steadies as investors take stock of BoC rate hike odds The Canadian dollar was little changed against its broadly stronger U.S. counterpart on Tuesday but rose against some other major currencies as investors determined that a recent reduction in Bank of Canada interest rate hike bets had gone far enough. The Canadian dollar was […]
USD/CAD (CAD=X) slips as trade tensions slam investor risk appetite Canadian dollar at C$1.3305, or 75.16 U.S. cents The price of U.S. oil falls 0.7 percent Bond prices higher across a flatter yield curve 10-year yield touches its lowest since March 29 at 2.082 percent The Canadian dollar weakened against its U.S. counterpart on Monday […]
USD/CAD (CAD=X) Heffx Weekly Outlook USD/CAD rose further to 1.3381 last week but subsequent fall suggests temporary topping, ahead of 100% projection of 1.2246 to 1.3124 from 1.2526 at 1.3404. Initial bias is turned neutral this week first. Deeper pull back could be see to 4 hour 55 EMA (now at 1.3190) and below. But […]
USD/CAD (CAD=X) Remains Under Pressure The Canadian dollar could not generate much upside traction overnight, despite a slight thaw in global risk aversion sentiment. The Peoples Bank of China (PBoC) issued a paper suggesting that made a case for a cut in the Reserve Rate Ratio’s (RRR) That is a simulative measure and Asia markets […]
USD/CAD (CAD=X) Canadian Dollar Trump-ed Dollar/CAD closed a turbulent week on the upside as trade concerns and the Fed pushed the greenback higher. What’s next? Canadian retail sales and inflation on Friday stand out. US President Trump and Canadian PM Trudeau clashed in the G-7 Summit that was disastrous and ended without a communique. That sent […]
USD/CAD (CAD=X) Vulnerable to a Correction Towards 1.28 Dollar/CAD closed a turbulent week on the upside as trade concerns and the Fed pushed the greenback higher. What’s next? Canadian retail sales and inflation on Friday stand out. Here are the highlights and an updated technical analysis for USD/CAD. US President Trump and Canadian PM Trudeau clashed […]
USD/CAD (CAD=X) advances to 11-week’s high reaching 1.3104 USD/CAD is spiking higher and reached the 1.3104 level as the USD is having a boost across the board and crude oil is having a pullback. However, USD/CAD is evolving in a tight trading range and new highs are more often than not supply levels. Overall, the […]
USD/CAD (CAD=X) market continues to hang about the 1.30 level The US dollar has gone back and forth during the trading session on Tuesday, as we await oil inventory figure numbers, a resolution to the recent spat between Justin Trudeau and Donald Trump, and of course the overall economic situation in the two countries. Interest […]
USD/CAD (CAD=X) Target 1.2900 Sustained move beyond the 1.3020-30 immediate hurdle has the potential to lift the pair back towards 1.3075-80 supply zone en-route the 1.3100 handle. On the flip side, the 1.2965 level might continue to protect the immediate downside, which if broken could accelerate the downfall towards the 1.2900 handle ahead of 50-day […]
Central Banks Turn “Hawkish”, JPY Carry Trade Emerges $GBP, $USD, $EUR, $JPY, $CAD Cable, Loonie and EUR all rose last week on Hawkish comments from central bankers. The BOE Governor Mark Carney said it is not the time of rate hike yet. Then indicated the BOE MPC will start debating raising interest rate in the […]
FOREX CAD= closed down -0.003 at 1.305. Volume was 20% above average (neutral) and Bollinger Bands were 18% narrower than normal. Open High Low Close Volume___ 1.307 1.311 1.296 1.305 91,129 Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1.29 1.29 1.33 Volatility: 14 11 12 […]