Canadian Dollar Forecast and Updates

USD/CAD Open: 1.2683-87, Overnight Range: 1.2625-1.2698, Previous Close: 1.2657 WTI Oil is at $64.79 and gold is at $1,678.30. US markets are mixed today. For today, USD resistance is at 1.2700. Support is at 1.2612. • Oil prices surge after missile strike on Saudi production facility • Global equity indexes mixed – Asia down, Europe […]

USD/CAD Open: 1.2716-20, Overnight Range: 1.2653-1.2717, Previous Close: 1.2668 WTI Oil is at $66.21 and gold is at $1,696.60. US markets are higher today. For today, USD resistance is at 1.2685. Support is at 1.2642. • Fed Chair Powell disappoints Bond markets • OPEC delays production cuts, prices surged • Canadian dollar outperforms in commodity […]

USD/CAD Open: 1.2645-49, Overnight Range: 1.2634-1.2773, Previous Close: 1.2656 WTI Oil is at $64.39 and gold is at $1,697.60. US markets are lower today. For today, USD resistance is at 1.2744. Support is at 1.2523. • Global equity markets sink under weight of rising Treasury yields • Market waiting for Powell’s speech at noon • […]

USD/CAD Open: 1.2614-18, Overnight Range: 1.2595-1.2642, Previous Close: 1.2637 WTI Oil is at $61.57 and gold is at $1,717.40. US markets are mixed today. For today, USD resistance is at 1.2648. Support is at 1.2601. • GBPUSD awaiting budget • Global equities trade higher on vaccine developments • US dollar opens on mixed note The […]

USD/CAD Open: 1.2650-54, Overnight Range: 1.2640-1.2696, Previous Close: 1.2646 WTI Oil is at $60.59 and gold is at $1,734.90. US markets are lower today. For today, USD resistance is at 1.2637. Support is at 1.2575. -Risk sentiment is mixed -Canada GDP data ahead -US dollar grinds out gains The Canadian dollar has had a topsy-turvy […]

USD/CAD Open: 1.2679-83, Overnight Range: 1.2677-1.2735, Previous Close: 1.2745 WTI Oil is at $61.56 and gold is at $1,735.90. US markets are higher today. For today, USD resistance is at 1.2704. Support is at 1.2629. The Canadian dollar rallied from the opening bell in Asia and continued to do so throughout the overnight session. USDCAD […]

USD/CAD Open: 1.2646-50, Overnight Range: 1.2589-1.2648, Previous Close: 1.2605 WTI Oil is at $63.07 and gold is at $1,765.02. US markets are mixed today. For today, USD resistance is at 1.2775. Support is at 1.2670. -Fed Chair Powell drives positive risk sentiment -Traders (mostly) ignore surge in Treasury yields -US dollar sinks against G-10 majors […]

USD/CAD Open: 1.2572-76, Overnight Range: 1.2561-1.2595, Previous Close: 1.2590 WTI Oil is at $63.35 and gold is at $1,794.50. US markets are higher today. For today, USD resistance is at 1.2533. Support is at 1.2495. The Canadian dollar is playing “catch-up” with its antipodean cousins and is probing levels last seen in April 2018. It […]

USD/CAD Open: 1.2617-21, Overnight Range: 1.2587-1.2623, Previous Close: 1.2618 WTI Oil is at $62.36 and gold is at $1,806.02. US markets are mixed today. For today, USD resistance is at 1.2611. Support is at 1.2563. -Fed Chair Powell testimony today -EU inflation as expected and ignored by EURUSD -US dollar opens with small gains except […]

USD/CAD Open: 1.2635-39, Overnight Range: 1.2639-1.2712, Previous Close: 1.2679 WTI Oil is at $60.13 and gold is at $1,782.40. US markets are higher today. For today, USD resistance is at 1.2653. Support is at 1.2575. -Robust US data underpins global risk sentiment -China returns from Lunar New Year holiday -US dollar gives back some of […]