Canadian Dollar Forecast and Updates

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]