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, March 29, 2021 – Canadian Dollar Steady, to Start Holiday-Shortened Week

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 […]

By Writer | March 29, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 26, 2021 – Canadian Dollar Looking for a Catalyst

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 […]

By Writer | March 26, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 25, 2021 – Canadian Dollar Rangebound Once More

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 […]

By Writer | March 25, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 24, 2021 – Canadian Dollar Hurt by Poor Risk Sentiment

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 […]

By Writer | March 24, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 23, 2021 – Canadian Dollar Suffers from Risk Aversion

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 […]

By Writer | March 23, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 22, 2021 – Canadian Dollar Halts Slide

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 […]

By Writer | March 22, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 17, 2021 – Canadian Dollar awaiting FOMC

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 […]

By Writer | March 17, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 16, 2021 – Canadian Dollar Consolidating Gains

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 […]

By Writer | March 16, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 12, 2021 – Canadian Dollar has Bullish Bias

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 […]

By Writer | March 13, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 11, 2021 – Canadian Dollar Gets A Boost

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 […]

By Writer | March 11, 2021 | 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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