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Canadian Dollar Monthly Outlook August 2018

Economic Outlook and Summary During the month of July showed the Canadian Dollar and Economy rose slightly, as the month showed unchanged interest rate spreads with United States (U.S.). The Bank of Canada (BOC) raised its interest rates by a level of 0.25% now sitting at the current level of 1.50%, which was factored into […]

By KBFX | August 14, 2018 | Monthly Outlook | 0 comments Read more >

Canadian Dollar Update August 14, 2018

USD/CAD Open: 1.3083-1.3084      Overnight Range:     1.3071-1.3137 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $68.32 and gold is at $1,203.  US markets are higher. There are no releases scheduled for today’s session. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3153.  Support is at 1.3054. […]

By KBFX | | Daily Update | 0 comments Read more >

Canadian Dollar Foreign Exchange Update August 13, 2018

USD/CAD Open: 1.3120-1.3121      Overnight Range:     1.3119-1.3175 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $67.28 and gold is at $1,208.  US markets are higher. There are no releases scheduled for today’s session. The short-term USD/CAD technicals are neutral-bullish.  For today, USD resistance is at 1.3211.  Support is at 1.3076. […]

By KBFX | August 13, 2018 | Daily Update | 0 comments Read more >

Canadian dollar dips ahead of domestic jobs data as greenback broadly rises

Rahim Madhavji, President and currency strategist at Knightsbridge FX, shares his thoughts on recent global events and their impact on the Canadian dollar. Read the full store via the Globe and Mail here. Click Here to Subscribe

By KBFX | August 10, 2018 | In the News | 0 comments Read more >

Canadian Dollar Update August 10, 2018

USD/CAD Open: 1.3087-1.3088      Overnight Range:     1.3030-1.3123 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $67.59 and gold is at $1,222.  US markets are lower. Today Canada releases employment data for July. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3144.  Support is at 1.3022. CAD […]

By KBFX | | Daily Update | 0 comments Read more >
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