Canadian Dollar Forecast and Updates

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 […]

USD/CAD Open: 1.2650-54, Overnight Range: 1.2633-1.2681, Previous Close: 1.2642 WTI Oil is at $63.52 and gold is at $1,715.50. US markets are higher today. For today, USD resistance is at 1.2684. Support is at 1.2597. • Global growth outlook improves according to OECD • Treasury yields drop, boosting risk sentiment • Canadian dollar opens near […]

USD/CAD Open: 1.2606-10, Overnight Range: 1.2593-1.2684, Previous Close: 1.2665 WTI Oil is at $64.55 and gold is at $1,717.60. US markets are higher today. For today, USD resistance is at 1.2649. Support is at 1.2595. • Global growth outlook improves according to OECD • Treasury yields drop, boosting risk sentiment • Canadian dollar opens near […]

USD/CAD Open: 1.2683-87, Overnight Range: 1.2625-1.2698, Previous Close: 1.2657 WTI Oil is at $64.79 and gold is at $1,678.30. US markets are mixed today. For today, USD resistance is at 1.2700. Support is at 1.2612. • Oil prices surge after missile strike on Saudi production facility • Global equity indexes mixed – Asia down, Europe […]

USD/CAD Open: 1.2716-20, Overnight Range: 1.2653-1.2717, Previous Close: 1.2668 WTI Oil is at $66.21 and gold is at $1,696.60. US markets are higher today. For today, USD resistance is at 1.2685. Support is at 1.2642. • Fed Chair Powell disappoints Bond markets • OPEC delays production cuts, prices surged • Canadian dollar outperforms in commodity […]

USD/CAD Open: 1.2645-49, Overnight Range: 1.2634-1.2773, Previous Close: 1.2656 WTI Oil is at $64.39 and gold is at $1,697.60. US markets are lower today. For today, USD resistance is at 1.2744. Support is at 1.2523. • Global equity markets sink under weight of rising Treasury yields • Market waiting for Powell’s speech at noon • […]

USD/CAD Open: 1.2614-18, Overnight Range: 1.2595-1.2642, Previous Close: 1.2637 WTI Oil is at $61.57 and gold is at $1,717.40. US markets are mixed today. For today, USD resistance is at 1.2648. Support is at 1.2601. • GBPUSD awaiting budget • Global equities trade higher on vaccine developments • US dollar opens on mixed note The […]

USD/CAD Open: 1.2650-54, Overnight Range: 1.2640-1.2696, Previous Close: 1.2646 WTI Oil is at $60.59 and gold is at $1,734.90. US markets are lower today. For today, USD resistance is at 1.2637. Support is at 1.2575. -Risk sentiment is mixed -Canada GDP data ahead -US dollar grinds out gains The Canadian dollar has had a topsy-turvy […]

USD/CAD Open: 1.2679-83, Overnight Range: 1.2677-1.2735, Previous Close: 1.2745 WTI Oil is at $61.56 and gold is at $1,735.90. US markets are higher today. For today, USD resistance is at 1.2704. Support is at 1.2629. The Canadian dollar rallied from the opening bell in Asia and continued to do so throughout the overnight session. USDCAD […]

USD/CAD Open: 1.2646-50, Overnight Range: 1.2589-1.2648, Previous Close: 1.2605 WTI Oil is at $63.07 and gold is at $1,765.02. US markets are mixed today. For today, USD resistance is at 1.2775. Support is at 1.2670. -Fed Chair Powell drives positive risk sentiment -Traders (mostly) ignore surge in Treasury yields -US dollar sinks against G-10 majors […]