Canadian Dollar: USD/CAD (CAD=X) Canadian employment slowed

Canadian Dollar: USD/CAD (CAD=X) Canadian employment slowed

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

Canadian Dollar: USD/CAD (CAD=X) U.S-China trade dispute could dampen economic growth

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

Canadian Dollar: USD/CAD (CAD=X) could rise more than 5% during months ahead

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

Canadian Dollar: USD/CAD (CAD=X) market remains on NAFTA watch

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

Canadian Dollar: USD/CAD (CAD=X) Bears in Control

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

Canadian Dollar: USD/CAD (CAD=X) rises as NAFTA optimism renews ahead of deadline for deal

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 […]

Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves

Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves

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

Canadian Dollar: USD/CAD (CAD=X) bulls making a fresh attempt to conquer 1.32 handle

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) Inches Higher

Canadian Dollar: USD/CAD (CAD=X) Inches Higher

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) Strength on USD Weakness May Be Temporary

USD/CAD (CAD=X) Strength on USD Weakness May Be Temporary

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) pares losses as July rate hike odds oscillate near 50 pct

USD/CAD (CAD=X) pares losses as July rate hike odds oscillate near 50 pct

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

USD/CAD (CAD=X) steadies as investors take stock of BoC rate hike odds

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

USD/CAD (CAD=X) slips as trade tensions slam investor risk appetite

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) Canadian Dollar Trump-ed

USD/CAD (CAD=X) Canadian Dollar Trump-ed

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

USD/CAD (CAD=X) Vulnerable to a Correction Towards 1.28

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) market continues to hang about the 1.30 level

USD/CAD (CAD=X) market continues to hang about the 1.30 level

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

USD/CAD (CAD=X) Target 1.2900

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 […]