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 January 21, 2020 – Canadian Dollar marginally softer

USD/CAD Open: 1.3047-1.3048, Overnight Range: 1.3044-1.3077 Oil is at $58.28 and gold is at $1,552.20. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3081. Support is at 1.3033. The Canadian dollar is trading marginally weaker compared to yesterday’s Toronto closing level. However, it remains locked into […]

By KBFX | January 21, 2020 | Daily Update | 0 comments Read more >
By KBFX | January 20, 2020 | In the News | 0 comments Read more >
By KBFX | | In the News | 0 comments Read more >

Canadian Dollar Update January 20, 2020 – Canadian Dollar idled

USD/CAD Open: 1.3057-1.3058, Overnight Range: 1.3053-1.3072 Oil is at $58.60 and gold is at $1,560.50. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3077. Support is at 1.3041. The Canadian dollar started the week at the same price, it ended the previous week, even though the […]

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

FX Monthly Outlook – January 2020

Economic Outlook and Summary The Federal Reserve interest rate currently stands at 1.5-1.75%, with expectations of a neutral stance during their January 28th and 29th meetings. The neutral stance is supported by moderate job growth and inflation, registering an increase in payroll by 145,000, and an inflation rate of 2.3%. Further growth is expected to […]

By KBFX | | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Update January 17, 2020 – Canadian Dollar drifting lower

USD/CAD Open: 1.3041-1.3042, Overnight Range: 1.3033-1.3067 Oil is at $58.50 and gold is at $1,554.80. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3091. Support is at 1.3019. The Canadian dollar is drifting lower in early Toronto trading, after stagnating overnight. The catalyst for this morning’s […]

By KBFX | January 17, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 16, 2020 – Canadian Dollar supported by positive risk sentiment

USD/CAD Open: 1.3041-1.3042, Overnight Range: 1.3032-1.3056 Oil is at $58.62 and gold is at $1,549.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3071. Support is at 1.3015. The Canadian dollar is trading sideways. It bounced around in a narrow USDCAD range of 1.3035-1.3046 overnight, unable […]

By KBFX | January 16, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 15, 2020 – Canadian Dollar awaiting Phase 1 Trade Deal

USD/CAD Open: 1.3061-1.3062, Overnight Range: 1.3046-1.3078 Oil is at $57.40 and gold is at $1,550.10. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3090. Support is at 1.3028. The US and China are finally putting the ink to the long and tedious trade discussions that started […]

By KBFX | January 15, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 14, 2020 – Canadian Dollar bulls are suffering

USD/CAD Open: 1.3056-1.3057, Overnight Range: 1.3049-1.3079 Oil is at $58.20 and gold is at $1,544.50. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3087. Support is at 1.3048. Canadian dollar bulls are suffering. The sharp reversal in oil prices from their recent peak and positive US […]

By KBFX | January 14, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 13, 2020 – Canadian Dollar looking for direction

USD/CAD Open: 1.3050-1.3051, Overnight Range: 1.3034-1.3067 Oil is at $58.23 and gold is at $1,552.80. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3083. Support is at 1.3017. The Canadian dollar is looking for direction. It tried to rally last week but failed. Slightly dovish comments […]

By KBFX | January 13, 2020 | 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.
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