Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3295-1.3296, Overnight Range: 1.3285-1.3315 Oil is at $57.62 and gold is at $1,457.10. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3329. Support is at 1.3280. The Canadian dollar closed Friday’s session with a small loss compared to its opening level. It was not […]

USD/CAD Open: 1.3284-1.3285, Overnight Range: 1.3254-1.3290 Oil is at $58.33 and gold is at $1,466.30. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3306. Support is at 1.3243. There is confusion in the ranks of Canadian dollar traders. That’s because there is confusion in the senior […]

USD/CAD Open: 1.3304-1.3305, Overnight Range: 1.3269-1.3324 Oil is at $57.82 and gold is at $1,470.30. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3349. Support is at 1.3286. The Canadian dollar, along with the Australian and New Zealand dollars, are dancing to the US/China trade talk […]

USD/CAD Open: 1.3267-1.3268, Overnight Range: 1.3262-1.3315 Oil is at $55.65 and gold is at $1,470.80. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3332. Support is at 1.3244. The Canadian dollar is rangebound no more. Prices soared through the top of the USDCAD 1.3040-1.3240 band that […]

USD/CAD Open: 1.3205-1.3206, Overnight Range: 1.3190-1.3222 Oil is at $55.90 and gold is at $1,469.40. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3248. Support is at 1.3189. The Canadian dollar is trapped inside a USDCAD 1.3040-1.3260 range and has been, since October 11. There isn’t […]

Economic Outlook and Summary The Federal Reserve announced an interest rate cut of 25 basis point—to 1.50-1.75%. Quantitative easing continues to provide moderate support for the economy as the reserve continues to repurchase treasury bill—maintaining the funds rate within range. Additionally, the US-China trade war remains unclear as the two parties indicate differing outlooks. Following […]

USD/CAD Open: 1.3222-1.3223, Overnight Range: 1.3209-1.3235 Oil is at $57.08 and gold is at $1,470.20. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3244. Support is at 1.3204. The Canadian dollar is a tad firmer this morning, buoyed by a somewhat improved tone around the US […]

USD/CAD Open: 1.3247-1.3248 Overnight Range: 1.3219-1.3252 Oil is at $57.18 and gold is at $1,467.20. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3257. Support is at 1.3211. The Canadian dollar is trading sideways. Traders are confused, markets are directionless, and they are looking for guidance. […]

So you’re finally thinking of opening a US dollar bank account for your cross-border needs.  Well, you’re in luck: there are a number of options available to you. The big five Canadian banks all offer US dollar bank accounts. However, some offer better cross-border solutions than others in terms of breadth of service, ease of […]

USD/CAD Open: 1.3250-1.3251 Overnight Range: 1.3248-1.3270 Oil is at $57.51 and gold is at $1,468.90. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3278. Support is at 1.3247. The Canadian dollar is being undermined by a fresh wave of negative risk sentiment. The Wall Street Journal […]