Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3157-61, Overnight Range: 1.3155-1.3200 WTI Oil is at $39.70 and gold is at $1,975.60. US markets are higher today. For today, USD resistance is at 1.3215. Support is at 1.3134. • OECD upgrades 2020 growth forecast • Oil prices surge as US crude inventories fall • US on the defensive ahead of Fed […]

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USD/CAD Open: 1.3156-60, Overnight Range: 1.3134-1.3191 WTI Oil is at $38.05 and gold is at $1,959.80. US markets are higher today. For today, USD resistance is at 1.3200. Support is at 1.3146. • OPEC and IEA trim 2020 oil demand forecasts, again • Better than expected China data underpins stock prices • US dollar opens […]

USD/CAD Open: 1.3185-89, Overnight Range: 1.3153-1.3196 WTI Oil is at $37.31 and gold is at $1,968.60. US markets are higher today. For today, USD resistance is at 1.3195. Support is at 1.3146. • Canadian dollar gains undermined by crude losses • GBPUSD rebounds on profit-taking • Mild risk-seeking sentiment undermines US dollar The Canadian dollar […]

USD/CAD Open: 1.3168-72, Overnight Range: 1.3150-1.3194 WTI Oil is at $37.54 and gold is at $1,957.60. US markets are higher today. For today, USD resistance is at 1.3215. Support is at 1.3149. • UK Brexit woes weigh on GBPUSD • ECB posture leaves EURUSD rangebound • US dollar opens lower except against GBP and JPY […]

USD/CAD Open: 1.3156-60, Overnight Range: 1.3119-1.3169 WTI Oil is at $37.58 and gold is at $1,962.50. US markets are mixed today. For today, USD resistance is at 1.3211. Support is at 1.3103. • BoC statement doesn’t inspire, Perhaps Governor Macklem will today • EU meeting may not live up to advanced billing • US dollar […]

USD/CAD Open: 1.3223-27, Overnight Range: 1.3148-1.3259 WTI Oil is at $38.11 and gold is at $1,954.60. US markets are higher today. For today, USD resistance is at 1.3177. Support is at 1.3135. • Canadian dollar bounces off overnight low on improved risk sentiment • GBPUSD falls further, weighed down by “no-deal” Brexit concerns • BoC […]

USD/CAD Open: 1.3147-52, Overnight Range: 1.3086-1.3198 WTI Oil is at $36.41 and gold is at $1,933.40. US markets are lower today. For today, USD resistance is at 1.3240. Support is at 1.3143. • UK sucker-punches EU withdrawal agreement • Euro area GDP ignored ahead of ECB meeting • GBP plunge sparks broad US dollar demand […]

USD/CAD Open: 1.3089-93, Overnight Range: 1.3064-1.3140 WTI Oil is at $39.41 and gold is at $1,934.30. US markets are lower today. For today, USD resistance is at 1.3130. Support is at 1.3026. • Wall Street meltdown leaves markets on edge • US expected to gain 1.4 million jobs while Canada adds 246,000 • US dollar […]

USD/CAD Open: 1.3094-98, Overnight Range: 1.3036-1.3162 WTI Oil is at $41.38 and gold is at $1,935.00. US markets are lower today. For today, USD resistance is at 1.3154. Support is at 1.3108. • US dollar higher ahead of employment data today and Friday • Oil price drop, undermines Canadian dollar • US dollar extends Wednesday’s […]