Canadian Dollar Forecast and Updates

USD/CAD Open: 1.2748-52, Overnight Range: 1.2693-1.2764 WTI Oil is at $47.45 and gold is at $1,859.50. US markets are higher today. For today, USD resistance is at 1.2786. Support is at 1.2723. • Chance of Brexit deal pegged at 75% • FOMC meeting and updated forecasts due today • Canadian dollar underperforms The Canadian dollar […]

USD/CAD Open: 1.2782-86, Overnight Range: 1.2719-1.2792 WTI Oil is at $46.47 and gold is at $1,843.60. US markets are mixed today. For today, USD resistance is at 1.2785. Support is at 1.2751. • No-deal Brexit risks increase • Global risk sentiment sours and US dollar rallies • US COVID-19 cases surge higher, no-Stimulus deal in […]

USD/CAD Open: 1.2785-89, Overnight Range: 1.2769-1.2832 WTI Oil is at $45.61 and gold is at $1,839.40. US markets are lower today. For today, USD resistance is at 1.2856. Support is at 1.2763. • Reports of progress in US COVID-19 Relief talks support positive risk sentiment • GBPUSD soars ahead of Leaders dinner today • US […]

USD/CAD Open: 1.2810-14, Overnight Range: 1.2769-1.2832 WTI Oil is at $46.22 and gold is at $1,865.60. US markets are mixed today. For today, USD resistance is at 1.2811. Support is at 1.2770. • GBPUSD smacked as trade talks sputter • American coronavirus cases top 183,000 yesterday • US Congress may have a stimulus deal The […]

USD/CAD Open: 1.2939-43, Overnight Range: 1.2916-1.2958 WTI Oil is at $45.46 and gold is at $1,832.30. US markets are lower today. For today, USD resistance is at 1.2949. Support is at 1.2916. • EURUSD consolidating recent gains • GBPUSD whip-sawing on Brexit rumours • US dollar opens with marginal gains The Canadian dollar made a […]

USD/CAD Open: 1.2959-63, Overnight Range: 1.2923-1.2995 WTI Oil is at $44.85 and gold is at $1,782.60. US markets are lower today. For today, USD resistance is at 1.3003. Support is at 1.2951. • Canadian dollar lifted by month end demand flows • Oil price slumps as OPEC meeting begins • US dollar ending the month […]

USD/CAD Open: 1.2990-94, Overnight Range: 1.2972-1.3024 WTI Oil is at $45.59 and gold is at $1,789.80. US markets are higher today. For today, USD resistance is at 1.3010. Support is at 1.2966. • Canadian dollar testing resistance, in part due to month-end demand • GBPUSD rangebound as Brexit talks continue • FX risk sentiment remains […]

USD/CAD Open: 1.3006-10, Overnight Range: 1.2990-1.3022 WTI Oil is at $44.91 and gold is at $1,806.70. US markets are mixed today. For today, USD resistance is at 1.3032. Support is at 1.2990. • Canadian dollar appears poised for big rally • Global equity and FX markets were quiet overnight • US dollar still on defensive […]

USD/CAD Open: 1.3013-17, Overnight Range: 1.2990-1.3029 WTI Oil is at $45.54 and gold is at $1,809.60. US markets are mixed today. For today, USD resistance is at 1.3030. Support is at 1.2964. • Vaccine hopes fueling positive risk sentiment • Plenty of top-tier US data today • US dollar consolidating losses into thanksgiving holiday The […]

USD/CAD Open: 1.3048-52, Overnight Range: 1.3045-1.3112 WTI Oil is at $43.05 and gold is at $1,835.30. US markets are higher today. For today, USD resistance is at 1.3101. Support is at 1.3074. • Higher oil prices support Canadian dollar • Risk sentiment improves with new vaccine data • GBPUSD climbs on Brexit deal hopes The […]