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Canadian Dollar Monthly Update February 2019

Economic Outlook and Summary Overall, not much change has occurred since last month’s currency forecast. Although the US Dollar has potential to strengthen at times, due to a return of risk aversion, it is expected that the USD will continue to trend downwards. Hopefully our world leaders leave the global trade flows unhampered which will […]

By KBFX | February 8, 2019 | Monthly Outlook on the Canadian Dollar | 0 comments Read more >

Canadian Dollar Update February 8, 2019

USD/CAD Open: 1.3254-1.3255      Overnight Range:     1.3232-1.3329 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $52.86 and gold is at $1,316.  US markets are lower. Today Canada released employment data for January. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3383.  Support is at 1.3140. The […]

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

Canadian Dollar Update February 7, 2019

USD/CAD Open: 1.3267-1.3268      Overnight Range:     1.3201-1.3280 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $53.51 and gold is at $1,314.  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 1.3314.  Support is at 1.3214. […]

By KBFX | February 7, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 6, 2019

USD/CAD Open: 1.3175-1.3176      Overnight Range:     1.3124-1.3208 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $53.40 and gold is at $1,317.  US markets are mixed. There are no releases scheduled for today’s session. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3217.  Support is at 1.3143. […]

By KBFX | February 6, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 5, 2019

USD/CAD Open: 1.3120-1.3121      Overnight Range:     1.3102-1.3131 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $53.84 and gold is at $1,319.  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 1.3089. […]

By KBFX | February 5, 2019 | Daily Update | 0 comments Read more >