Canadian Dollar Forecast and Updates

Knightsbridge FX keeps you to date on the latest Canadian Dollar forecast, updates and latest outlook. Stay informed on the latest CAD news, how it's doing relative to USD.

Canadian Dollar Update July 17, 2019 – Canadian Dollar slides with oil

USD/CAD Open: 1.3069-1.3070 Overnight Range: 1.3043-1.3094 Oil is at $58.07 and gold is at $1,413. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3094. Support is at 1.3041. The Canadian dollar got knocked for a loop yesterday and plunging oil prices was mostly to blame. West […]

By KBFX | July 17, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update July 16, 2019 – Canadian Dollar changes direction

USD/CAD Open: 1.3035-1.3036 Overnight Range: 1.3033-1.3065 Oil is at $59.72 and gold is at $1,414. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3072. Support is at 1.3000. The Canadian dollar broke below minor support overnight, and the move shifted the focus to further losses in […]

By KBFX | July 16, 2019 | Daily Update | 0 comments Read more >

FX Monthly Outlook – July 2019

Economic Outlook and Summary The U.S Federal Reserve’s dovish turn in the month of June caused the U.S dollar to register its first loss since January 2019. The Fed has signaled rate cuts could be coming in 2019 and possibly be in the month of July. Since the USD is heavily trade-weighted, it is still […]

By KBFX | July 15, 2019 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Update July 15, 2019 – Canadian Dollar consolidating, quietly

USD/CAD Open: 1.3025-1.3026 Overnight Range: 1.3020-1.3051 Oil is at $60.65 and gold is at $1,413. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3050. Support is at 1.3002. The Canadian dollar is consolidating last week’s gains in a quiet start to the week. The currency benefitted […]

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

Canadian Dollar Update July 11, 2019 – Dovish Fed lifts Canadian Dollar

USD/CAD Open: 1.3079-1.3080 Overnight Range: 1.3042-1.3087 Oil is at $60.62 and gold is at $1,415. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3128. Support is at 1.3015. The Canadian dollar is in demand. Fed Chair Jerome Powell’s testimony to Congress and the Bank of Canada […]

By KBFX | July 11, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update July 10, 2019 – D-Day for Canadian Dollar

USD/CAD Open: 1.3081-1.3082 Overnight Range: 1.3069-1.3144 Oil is at $59.45 and gold is at $1,412. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3158. Support is at 1.3012. It is D-Day for the Canadian dollar. More accurately, it is Bank of Canada decision day. The BoC […]

By KBFX | July 10, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update July 9, 2019 – Canadian Dollar retreating

USD/CAD Open: 1.3125-1.3126 Overnight Range: 1.3086-1.3134 Oil is at $57.73 and gold is at $1,396. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3148. Support is at 1.3096. The Canadian dollar is retreating, and so far, it has been orderly. That could change if USDCAD prices […]

By KBFX | July 9, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update July 8, 2019 – Canadian Dollar firm ahead of BoC

USD/CAD Open: 1.3066-1.3067 Overnight Range: 1.3049-1.3089 Oil is at $57.76 and gold is at $1,403. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3074. Support is at 1.3031. The Canadian dollar is trading with a positive tone in early Toronto markets. Currency traders chalked up Friday’s […]

By KBFX | July 8, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update July 5, 2019 – Canadian Dollar sidelined ahead of employment data

USD/CAD Open: 1.3118-1.3119 Overnight Range: 1.3043-1.3129 Oil is at $57.27 and gold is at $1,393. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3212. Support is at 1.2981. The Canadian dollar traded a tad softer in an uneventful overnight session. The lack of FX follow-through in […]

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

Canadian Dollar Update July 4, 2019 – Canadian Dollar grinding out gains

USD/CAD Open: 1.3060-1.3061 Overnight Range: 1.3053-1.3086 Oil is at $56.86 and gold is at $1,417. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3085. Support is at 1.3043. The Canadian dollar is still grinding out gains. The rally that began on July 17 is intact, but […]

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

Canadian Dollar Forecast

Knightsbridge FX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices interest rate activity are likely to affect the CAD. Stay abreast on what the Bank of Canada and Central Bank are doing, as well as how the CAD is doing against the Greenback.