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Canadian Dollar FX Update February 4, 2019

USD/CAD Open: 1.3133-1.3134      Overnight Range:     1.3085-1.3138 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $54.12 and gold is at $1,313.  US markets are lower. There are no releases scheduled for today’s session. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3137.  Support is at 1.3093. […]

By KBFX | February 4, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 1, 2019

This week’s Canadian dollar rally got derailed yesterday. Canada November Gross Domestic Product declined 0.1%, and that news helped to limit demand for the domestic currency. The negative GDP growth rate did not come as a surprise. Most economists and analysts had forecast the result. What hurt was that the decline was rampant throughout the […]

By KBFX | February 1, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 31, 2019

USD/CAD Open: 1.3145-1.3146      Overnight Range:     1.3120-1.3165 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $55.20 and gold is at $1,327.  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 1.3189.  Support is at 1.3119. […]

By KBFX | January 31, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 30, 2019

USD/CAD Open: 1.3222-1.3223      Overnight Range:     1.3212-1.3282 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $53.94 and gold is at $1,315.  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 1.3248.  Support is at 1.3188. […]

By KBFX | January 30, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 28, 2019

USD/CAD Open: 1.3269-1.3270      Overnight Range:     1.3202-1.3271 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $52.54 and gold is at $1,305.  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 1.3305.  Support is at 1.3208. […]

By KBFX | January 28, 2019 | Daily Update | 0 comments Read more >