Canadian Dollar Forecast and Updates

Knightsbridge FX 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 3, 2020 – Canadian Dollar drifts lower

USD/CAD Open: 1.2979-1.2980, Overnight Range: 1.2961-1.3005 Oil is at $63.38 and gold is at $1,551.40. US markets are lower today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3016. Support is at 1.2968. The Canadian dollar flirted with resistance yesterday but was unable to make any additional gains. Fears that crude […]

By KBFX | January 3, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 2, 2020 – Canadian Dollar says “Happy New Year”

USD/CAD Open: 1.2975-1.2976, Overnight Range: 1.2968-1.3008 Oil is at $61.17 and gold is at $1,531.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3017. Support is at 1.2948. It’s a new year and a new decade. And for the Canadian dollar, it is a “new Big […]

By KBFX | January 2, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update December 31, 2019 – Canadian Dollar is the winner

USD/CAD Open: 1.3068-1.3069, Overnight Range: 1.2992-1.3068 Oil is at $60.80 and gold is at $1,520.80. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3015. Support is at 1.2972. The Canadian dollar wins the 2019 “Best-performing currency award.” That prize is in the major G-10 currency category […]

By KBFX | December 31, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update December 30, 2019 – Canadian Dollar’s Christmas rally

USD/CAD Open: 1.3068-1.3069, Overnight Range: 1.3054-1.3084 Oil is at $61.47 and gold is at $1,518.90. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3093. Support is at 1.3023. Santa was good to the Canadian dollar. The local currency sank following a weaker than forecast October GDP […]

By KBFX | December 30, 2019 | Daily Update | 0 comments Read more >

Is This The Best Cash Back Credit Card In Canada?

When shopping for the best cashback credit card in Canada, you’re not lacking in options. Today, we’ll take a detailed look at one popular premium cashback credit card: the Scotia Momentum® VISA Infinite* card. Introductory Offer (Jan 02, 2020 – April 30th, 2020): Earn 10% cashback on all purchases for the first 3 months (up […]

By Victor | December 24, 2019 | Guides | 0 comments Read more >

Canadian Dollar Update December 20, 2019 – Canadian Dollar awaiting Retail Sales report

USD/CAD Open: 1.3125-1.3126, Overnight Range: 1.3118-1.3181 Oil is at $60.35 and gold is at $1,483.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3195. Support is at 1.3133. The Canadian dollar traded with a slight negative bias overnight. Yesterday, USDCAD tested support in the 1.3100-05 area, […]

By KBFX | December 20, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update December 19, 2019 – Canadian Dollar inflates after inflation news

USD/CAD Open: 1.3114-1.3115, Overnight Range: 1.3108-1.3138 Oil is at $61.13 and gold is at $1,480.30. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3168. Support is at 1.3087. The Canadian dollar is trading on a firm note and back to levels last seen on October 30, […]

By KBFX | December 19, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update December 18, 2019 – Canadian Dollar rangebound

USD/CAD Open: 1.3159-1.3160, Overnight Range: 1.3102-1.3175 Oil is at $60.92 and gold is at $1,480.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3145. Support is at 1.3088. The Canadian dollar is rangebound and will likely remain that way until mid-January. December is ending, and many […]

By KBFX | December 18, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update December 17, 2019 – Canadian Dollar bounces off ceiling

USD/CAD Open: 1.3149-1.3150, Overnight Range: 1.3145-1.3185 Oil is at $60.81 and gold is at $1,479.20. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3191. Support is at 1.3140. The Canadian dollar rallied yesterday but hit a ceiling, which knocked prices lower. Prices continued to fall overnight […]

By KBFX | December 17, 2019 | Daily Update | 0 comments Read more >

FX Monthly Outlook – December 2019

Economic Outlook and Summary The Federal Reserve proceeded with a neutral stance in their December rate announcement, with the prospect of undertaking additional open market operations—in the form of short-term coupon-bearing securities. Progress in the trade war prompted positive sentiments in the markets as phase one of the agreement will require China to purchase approximately […]

By KBFX | December 16, 2019 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Forecast

Knightsbridge FX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices interest rate activity are likely to affect the CAD. 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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