Canadian Dollar Forecast and Updates

KnightsbridgeFX 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 6, 2021 – Canadian Dollar Rally Resumes

USD/CAD Open: 1.2632-36, Overnight Range: 1.2629-1.2723 WTI Oil is at $49.98 and gold is at $1,931.00. US markets are mixed today. For today, USD resistance is at 1.2762. Support is at 1.2621. • Democrats win one seat, leading in the other • WTI oil prices soar on improved risk sentiment and Saudi cuts • US […]

By KBFX | January 6, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 5, 2021 – Canadian Dollar Rally Hits Wall

USD/CAD Open: 1.2738-42, Overnight Range: 1.2730-1.2791 WTI Oil is at $49.66 and gold is at $1,945.40. US markets are higher today. For today, USD resistance is at 1.2809. Support is at 1.2682. • Risk-sentiment improves after souring yesterday • Georgia Senate run-off vote today • US dollar gives back some of yesterday’s gains FX markets […]

By KBFX | January 5, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 4, 2021 – Canadian Dollar hits 33 Month Peak

USD/CAD Open: 1.2672-76, Overnight Range: 1.2665-1.2798 WTI Oil is at $47.95 and gold is at $1,946.60. US markets are lower today. For today, USD resistance is at 1.2817. Support is at 1.2751. • Positive global economic outlook buoys risk sentiment • Rising COVID-19 cases around the world ignored • US dollar opens 2021 with losses […]

By KBFX | January 4, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 30, 2020 – Canadian Dollar Hanging on to Gains

USD/CAD Open: 1.2781-85, Overnight Range: 1.2749-1.2754 WTI Oil is at $48.31 and gold is at $1,898.60. US markets are higher today. For today, USD resistance is at 1.2782. Support is at 1.2730. • Thin markets, uninspired trading, set FX tone for today • Risk sentiment remains positive on 2021 global economic rebound hopes • US […]

By KBFX | December 30, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 29, 2020 – Canadian Dollar Uptrend is still Intact

USD/CAD Open: 1.2811-15, Overnight Range: 1.2779-1.2853 WTI Oil is at $48.02 and gold is at $1,882.30. US markets are mixed today. For today, USD resistance is at 1.2863. Support is at 1.2758. • EU/UK reach deal on Brexit • US politicians pass COVID-19 Relief Bill • US dollar trading choppily in holiday-thinned market The Canadian […]

By KBFX | December 29, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 23, 2020 – Canadian Dollar Uptrend is still Intact

USD/CAD Open: 1.2869-73, Overnight Range: 1.2836-1.2914 WTI Oil is at $48.45 and gold is at $1,878.40. US markets are higher today. For today, USD resistance is at 1.2881. Support is at 1.2809. • Trump threatens to not sign COVID-19 Relief bill • GBPUSD supported by Brexit deal “hopes” • US dollar gives back some of […]

By KBFX | December 23, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 22, 2020 – Canadian Dollar Bolstered by Oil

USD/CAD Open: 1.2866-70, Overnight Range: 1.2843-1.2933 WTI Oil is at $46.92 and gold is at $1,864.60. US markets are mixed today. For today, USD resistance is at 1.2938. Support is at 1.2882. • US COVID-19 Relief and spending bills passed • GBPUSD chopped about on Brexit and coronavirus • US dollar claws back some of […]

By KBFX | December 22, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 21, 2020 – Canadian Dollar Dives

USD/CAD Open: 1.2925-29, Overnight Range: 1.2784-1.2957 WTI Oil is at $47.48 and gold is at $1,882.50. US markets are mixed today. For today, USD resistance is at 1.2858. Support is at 1.2803. • Mutating COVID-19 strain spooks traders • Congress “ok’s” COVID-19 Relief bill • Another Brexit deadline bites the dust The Canadian dollar tanked […]

By KBFX | December 21, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 18, 2020 – Canadian Dollar Retreats

USD/CAD Open: 1.2758-62, Overnight Range: 1.2715-1.2785 WTI Oil is at $49.04 and gold is at $1,886.90. US markets are lower today. For today, USD resistance is at 1.2826. Support is at 1.2718. • No US Budget deal yet • Brexit talks hooked up on fishing • US dollar opens firmer, but merely consolidating losses The […]

By KBFX | December 18, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 17, 2020 – Canadian Dollar Grinding Higher

USD/CAD Open: 1.2701-05, Overnight Range: 1.2688-1.2750 WTI Oil is at $48.16 and gold is at $1,892.70. US markets are higher today. For today, USD resistance is at 1.2768. Support is at 1.2660. • FOMC keeps risk rally alive • Brexit deal nearly done • US Politicians close to COVID-19 Relief package agreement The Canadian dollar […]

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

Canadian Dollar Forecast

KnightsbridgeFX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices, interest rate activity, and the Coronavirus/COVID-19 are likely to affect the CAD, and its relationship to the USD. 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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