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Canadian Dollar Update: Oil and data pressure Canadian dollar (USD/CAD)

January 24, 2019 Oil and data pressure Canadian dollar The Canadian dollar is slowly drifting lower and weak economic data isn’t helping.  Last week Existing Home Sales data showed that sales were down 2/5% in December and core inflation was stuck at 1.7%   Tuesday, Canada posted soft Manufacturing Shipments and Wholesale Sales data. Yesterday’s Retail […]

By Admin | January 24, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update (USD/CAD): Canadian dollar awaiting Retail Sales

January 23, 2019 Canadian dollar awaiting Retail Sales The Canadian dollar is trading at the best level that it has seen since yesterday’s Toronto close. Domestic developments did not have anything to do with the currency’s gain.  That was due to a very modest flip in risk sentiment to risk seeking.  The risk shift may […]

By Admin | January 23, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar FX Update January 22, 2019

USD/CAD Open: 1.3343-1.3344      Overnight Range:     1.3289-1.3354 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $52.69 and gold is at $1,282.  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 1.3386.  Support is at 1.3290. […]

By KBFX | January 22, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 21, 2019

USD/CAD Open: 1.3308-1.3309      Overnight Range:    : 1.3251-1.3318 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $54.02 and gold is at $1,278.  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 1.3333.  Support is at 1.3279. […]

By KBFX | January 21, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 18, 2019

USD/CAD Open: 1.3264-1.3265      Overnight Range:     1.3231-1.3288 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $52.70 and gold is at $1,282.  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 1.3321.  Support is at 1.3189. […]

By KBFX | January 18, 2019 | Daily Update | 0 comments Read more >