Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3388-92, Overnight Range: 1.3361-1.3403 WTI Oil is at $40.37 and gold is at $1,875.60. US markets are higher today. For today, USD resistance is at 1.3414. Support is at 1.3335. • GBPUSD rally, undermines US dollar vs majors • Traders wary ahead of Presidential debate • US and Canadian economic calendars are empty […]

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USD/CAD Open: 1.3370-74, Overnight Range: 1.3327-1.3413 WTI Oil is at $40.10 and gold is at $1,866.70. US markets are mixed today. For today, USD resistance is at 1.3442. Support is at 1.3367. • European and Wall Street futures sink, underpinning US Dollar • FX markets are choppy due to month-end and ever-shifting risk sentiment • […]

Economic Outlook and Summary Interest rates remain flat within the 0-0.25% range as Chair Jerome Powell reiterates the Federal Reserve’s plans to hold interest rates until 2023. Despite largely recovering to pre-pandemic levels in early September, equity markets have pulled back due to risk-averse sentiments and investors are beginning to question the valuations of tech […]

USD/CAD Open: 1.3317-21, Overnight Range: 1.3294-1.3374 WTI Oil is at $39.95 and gold is at $1,867.80. US markets are mixed today. For today, USD resistance is at 1.3408. Support is at 1.3328. The Canadian dollar is consolidating losses as the US dollar opens in New York on a mixed note. USDCAD broke above resistance at […]

USD/CAD Open: 1.3311-15, Overnight Range: 1.3283-1.3346 WTI Oil is at $39.45 and gold is at $1,919.30. US markets are higher today. For today, USD resistance is at 1.3352. Support is at 1.3251. • Canadian dollar recovers (somewhat) in choppy overnight price action • European equity indexes are higher, ignoring Wall Street’s woes • Fed’s Powell […]

USD/CAD Open: 1.3228-32, Overnight Range: 1.3171-1.3298 WTI Oil is at $39.60 and gold is at $1,913.60. US markets are lower today. For today, USD resistance is at 1.3324. Support is at 1.3212. • Coronavirus surge fuels safe-haven demand • European equities and Wall Street futures plummet • US dollar rises across the board The Canadian […]

USD/CAD Open: 1.3164-68, Overnight Range: 1.3137-1.3208 WTI Oil is at $40.97 and gold is at $1,957.10. US markets are lower today. For today, USD resistance is at 1.3215. Support is at 1.3181. • US dollar bears are in control • GBPUSD underpinned by EU/UK trade deal hopes • US dollar drops led by gains in […]

USD/CAD Open: 1.3204-08, Overnight Range: 1.3169-1.3247 WTI Oil is at $40.80 and gold is at $1,954.00. US markets are mixed today. For today, USD resistance is at 1.3252. Support is at 1.3168. • Upgraded Fed forecasts fuel US dollar rally • Bank of England and Bank of Japan leave monetary policy unchanged • US dollar […]

When you’re seeking to understand the different service offerings provided by foreign exchange institutions, it’s important to get a firm grasp of the essentials. At the end of the day, any forms of payment that extend across national borders undergo a mandatory conversion process. In North America, you can occasionally get away with making payments […]