Canadian Dollar Forecast and Updates

USD/CAD Open: 1.2593-97, Overnight Range: 1.2571-1.2625, Previous Close: 1.2578 WTI Oil is at $61.42 and gold is at $1,708.70. US markets are mixed today. For today, USD resistance is at 1.2611. Support is at 1.2572. • On-again, off again, equity risk sentiment • Month-end, quarter-end, and Easter holidays ahead • US dollar opens with a […]

USD/CAD Open: 1.2574-78, Overnight Range: 1.2572-1.2608, Previous Close: 1.2615 WTI Oil is at $60.94 and gold is at $1,729.60. US markets are mixed today. For today, USD resistance is at 1.2622. Support is at 1.2565. • Global risk sentiment rebounds • German IFO data better than expected • US dollar opens lower, but still higher […]

USD/CAD Open: 1.2568-72, Overnight Range: 1.2563-1.2588, Previous Close: 1.2584 WTI Oil is at $58.02 and gold is at $1,729.80. US markets are mixed today. For today, USD resistance is at 1.2659. Support is at 1.2569. • President Biden’s first press conference 1:15 pm ET • European equities and S&P 500 futures under pressure • US […]

USD/CAD Open: 1.2567-71, Overnight Range: 1.2567-1.2607, Previous Close: 1.2588 WTI Oil is at $60.18 and gold is at $1,730.10. US markets are higher today. For today, USD resistance is at 1.2603. Support is at 1.2507. • Upside surprise for Eurozone Composite PMI data • Oil prices bounce on news Suez Canal is blocked • US […]

USD/CAD Open: 1.2582-86, Overnight Range: 1.2521-1.2593, Previous Close: 1.2523 WTI Oil is at $59.52 and gold is at $1,732.10. US markets are mixed today. For today, USD resistance is at 1.2609. Support is at 1.2534. • Geopolitical tensions rise with China sanctions • WTI oil prices plunge 4.5% • US dollar opens with gains against […]

USD/CAD Open: 1.2495-99, Overnight Range: 1.2490-1.2532, Previous Close: 1.2503 WTI Oil is at $61.60 and gold is at $1,731.00. US markets are higher today. For today, USD resistance is at 1.2553. Support is at 1.2449. • Oil prices rebound • Big week for Fed and central bank speak • US dollar gives up overnight gains […]

USD/CAD Open: 1.2466-70, Overnight Range: 1.2439-1.2468, Previous Close: 1.2444 WTI Oil is at $64.45 and gold is at $1,728.10. US markets are mixed today. For today, USD resistance is at 1.2506. Support is at 1.2467. • FOMC meeting includes new Summary of Predictions • Global equity markets trade quietly while Treasury yields climb • US […]

USD/CAD Open: 1.2483-87, Overnight Range: 1.2472-1.2499, Previous Close: 1.2472 WTI Oil is at $64.50 and gold is at $1,730.30. US markets are mixed today. For today, USD resistance is at 1.2491. Support is at 1.2443. • EURUSD supported by German ZEW data • US Retail Sales, Industrial Production due today • US dollar opens with […]

USD/CAD Open: 1.2550-54, Overnight Range: 1.2526-1.2572 WTI Oil is at $66.01 and gold is at $1,725.80. US markets are mixed today. For today, USD resistance is at 1.2483. Support is at 1.2453. The Canadian dollar rallied yesterday and consolidated those gains overnight. FX traders focused on a surge in US 10-year yields that climbed from […]

USD/CAD Open: 1.2576-80, Overnight Range: 1.2580-1.2623, Previous Close: 1.2620 WTI Oil is at $64.96 and gold is at $1,721.60. US markets are higher today. For today, USD resistance is at 1.2646. Support is at 1.2540. • US Congress passes $1.9 stimulus bill-finally • ECB monetary policy statement expected to be dovish • Canadian dollar lags […]