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, December 16, 2020 – Canadian Dollar out of Step

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 […]

By KBFX | December 16, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 11, 2020 – Canadian Dollar Surfing Risk-Sentiment Wave

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 […]

By KBFX | December 11, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 9, 2020 – Canadian Dollar Dancing with Resistance

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 […]

By KBFX | December 9, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 7, 2020 – Canadian Dollar Rally Pauses

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 […]

By KBFX | December 7, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, December 2, 2020 – Canadian Dollar Riding Positive Risk Wave

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 […]

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

Canadian Dollar Update, November 30, 2020 – Canadian Dollar Climbs

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 […]

By KBFX | November 30, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 27, 2020 – Canadian Dollar Demand for Month-End

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 […]

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

Canadian Dollar Update, November 26, 2020 – Canadian Dollar Ready to Scale new Heights

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 […]

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

Canadian Dollar Update, November 25, 2020 – Canadian Dollar Rises with Crude Prices

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 […]

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

Canadian Dollar Update, November 23, 2020 – Canadian Dollar Grinding Higher

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 […]

By KBFX | November 23, 2020 | 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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