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, September 3, 2020 – Canadian Dollar drops

USD/CAD Open: 1.3094-98, Overnight Range: 1.3036-1.3162 WTI Oil is at $41.38 and gold is at $1,935.00. US markets are lower today. For today, USD resistance is at 1.3154. Support is at 1.3108. • US dollar higher ahead of employment data today and Friday • Oil price drop, undermines Canadian dollar • US dollar extends Wednesday’s […]

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

Canadian Dollar Update, September 2, 2020 – Canadian Dollar rally hits a wall

USD/CAD Open: 1.3058-62, Overnight Range: 1.3053-1.3095 WTI Oil is at $41.60 and gold is at $1,941.20. US markets are higher today. For today, USD resistance is at 1.3103. Support is at 1.3022. • Yesterday, US Manufacturing PMI strength fueled US dollar gains • Soft Eurozone data, dovish ECB expectations weigh on EURUSD • US dollar […]

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

Canadian Dollar Update, September 1, 2020 – Canadian Dollar rides US Dollar slide

USD/CAD Open: 1.3008-12, Overnight Range: 1.2994-1.3078 WTI Oil is at $42.99 and gold is at $1,979.00. US markets are higher today. For today, USD resistance is at 1.3102. Support is at 1.3012. • New month, same story-sell US dollars • EURUSD ignores data flirts with 2-year high • US dollar down against major G-10 currencies […]

By KBFX | September 1, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 31, 2020 – Canadian Dollar is near its 2020 peak

USD/CAD Open: 1.3066-70, Overnight Range: 1.3034-1.3046 WTI Oil is at $42.82 and gold is at $1,973.90. US markets are mixed today. For today, USD resistance is at 1.3069. Support is at 1.3019. • UK holiday drains liquidity from FX market • US dollar poised to close August with losses against the major G-10 currencies, except […]

By KBFX | August 31, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 28, 2020 – Canadian Dollar’s month-end rally

USD/CAD Open: 1.3067-72, Overnight Range: 1.3047-1.3132 WTI Oil is at $43.05 and gold is at $1,975.30. US markets are higher today. For today, USD resistance is at 1.3125. Support is at 1.3083. • Month-end portfolio rebalancing boosts Canadian dollar • Dovish Fed suggests US rates will remain lower longer than previously expected • US dollar […]

By KBFX | August 28, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 27, 2020 – Canadian Dollar firms ahead of Powell speech

USD/CAD Open: 1.3149-53, Overnight Range: 1.3101-1.3166 WTI Oil is at $43.09 and gold is at $1,935.50. US markets are mixed today. For today, USD resistance is at 1.3197. Support is at 1.3038. • Fed Chair Powell delivers major speech this morning • Hurricane Laura underpins crude prices on supply disruption fears • US dollar opens […]

By KBFX | August 27, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 26, 2020 – Canadian Dollar quiet

USD/CAD Open: 1.3173-77, Overnight Range: 1.3136-1.3205 WTI Oil is at $43.42 and gold is at $1,953.70. US markets are mixed today. For today, USD resistance is at 1.3169. Support is at 1.3113. • Canadian dollar getting a small lift from higher crude prices • US Durable Goods data will be ignored by FX traders • […]

By KBFX | August 26, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 25, 2020 – Canadian Dollar trading sideways

USD/CAD Open: 1.3211-15, Overnight Range: 1.3177-1.3239 WTI Oil is at $43.39 and gold is at $1,922.80. US markets are mixed today. For today, USD resistance is at 1.3228. Support is at 1.3174. • US/China optimistic about Phase 1 Trade deal • EURUSD climbs after IFO Survey data • Canadian dollar tracking EURUSD moves The Canadian […]

By KBFX | August 25, 2020 | Daily Update | 0 comments Read more >

August 2020: FX Outlook

Economic Outlook and Summary The Federal Reserve announced a neutral stance in its July meeting, holding rates in the 0-0.25% range. Equity markets continue to surge, as tech leads the push and employment numbers remain positive. Despite the positivity, investors are increasingly adopting a risk-off sentiment as elections approach. The uncertainty is amplified by a […]

By KBFX | August 24, 2020 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Update, August 24, 2020 – Canadian Dollar rises

USD/CAD Open: 1.3152-56, Overnight Range: 1.3134-1.3224 WTI Oil is at $42.61 and gold is at $1,940.10. US markets are higher today. For today, USD resistance is at 1.3251. Support is at 1.3186. • Global risk sentiment improves slightly • Markets looking ahead to Jackson Hole Symposium, Thursday • US dollar is on the defensive in […]

By KBFX | | 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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