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, February 23, 2021 – Canadian Dollar grinding out gains

USD/CAD Open: 1.2617-21, Overnight Range: 1.2587-1.2623, Previous Close: 1.2618 WTI Oil is at $62.36 and gold is at $1,806.02. US markets are mixed today. For today, USD resistance is at 1.2611. Support is at 1.2563. -Fed Chair Powell testimony today -EU inflation as expected and ignored by EURUSD -US dollar opens with small gains except […]

By Writer | February 24, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 19, 2021 – Canadian Dollar Rallies

USD/CAD Open: 1.2635-39, Overnight Range: 1.2639-1.2712, Previous Close: 1.2679 WTI Oil is at $60.13 and gold is at $1,782.40. US markets are higher today. For today, USD resistance is at 1.2653. Support is at 1.2575. -Robust US data underpins global risk sentiment -China returns from Lunar New Year holiday -US dollar gives back some of […]

By Writer | February 19, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 18, 2021 – Canadian dollar rangebound

USD/CAD Open: 1.2692-96, Overnight Range: 1.2683-1.2715, Previous Close: 1.2700 WTI Oil is at $61.16 and gold is at $1,784.86. US markets are lower today. For today, USD resistance is at 1.2767. Support is at 1.2671. -Robust US data underpins global risk sentiment -China returns from Lunar New Year holiday -US dollar gives back some of […]

By Writer | February 18, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 17, 2021 – Canadian dollar near a three year peak

USD/CAD Open: 1.2697-1.2701, Overnight Range: 1.2689-1.2717, Previous Close: 1.2692 WTI Oil is at $61.76 and gold is at $1,782.10. US markets are mixed today. For today, USD resistance is at 1.2722. Support is at 1.2668. -Canadian dollar slips, but still firmer this week -Asia markets are subdued because of Chinese New Year holidays -Bitcoin posting […]

By Writer | | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 16, 2021 – Canadian dollar near a three year peak

USD/CAD Open: 1.2631-35, Overnight Range: 1.2612-1.2690, Friday Close: 1.2690 WTI Oil is at $59.81 and gold is at $1,823.17. US markets are mixed today. For today, USD resistance is at 1.2730. Support is at 1.2679. • Canadian dollar slips, but still firmer this week • Asia markets are subdued because of Chinese New Year holidays […]

By Writer | February 17, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 12, 2021 – Canadian dollar gives back some gains

USD/CAD Open: 1.2736-40, Overnight Range: 1.2698-1.2754, Previous Close: 1.2704 WTI Oil is at $59.58 and gold is at $1,823.80. US markets are mixed today. For today, USD resistance is at 1.2723. Support is at 1.2653. • Canadian dollar slips, but still firmer this week • Asia markets are subdued because of Chinese New Year holidays […]

By Writer | February 12, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 11, 2021 – Canadian dollar rallies anew

USD/CAD Open: 1.2677-81, Overnight Range: 1.2678-1.2709, Previous Close: 1.2701 WTI Oil is at $58.36 and gold is at $1,840.71. US markets are higher today. For today, USD resistance is at 1.2709. Support is at 1.2657. -Weekly Jobless Claims data due today -Fed Chair Jerome Powell kicks reflation trade idea to curb -US dollar trades quietly […]

By Writer | February 11, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 10, 2021 – Canadian dollar on a roll

USD/CAD Open: 1.2695-99, Overnight Range: 1.2677-1.2709, Previous Close: 1.2693 WTI Oil is at $58.69 and gold is at $1,842.03. US markets are mixed today. For today, USD resistance is at 1.2704. Support is at 1.2656. -Shrinking US crude inventories lifts WTI oil prices -Fed Chair Jerome Powell speech today -Canadian dollar rebounds off of resistance […]

By Writer | February 10, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 9, 2021 – Canadian dollar finds its footing

USD/CAD Open: 1.2731-35, Overnight Range: 1.2715-1.2740, Previous Close: 1.2740 WTI Oil is at $58.00 and gold is at $1,841.83. US markets are mixed today. For today, USD resistance is at 1.2707. Support is at 1.2681. -Risk sentiment stays positive -Oil prices continue to climb on global economic recovery hopes -Canadian dollar rises as US dollar […]

By Writer | | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 8, 2021 – Canadian dollar ignores domestic employment data

USD/CAD Open: 1.2776-80, Overnight Range: 1.2757-1.2780, Previous Close: 1.2760 WTI Oil is at $57.54 and gold is at $1,834.00. US markets are higher today. For today, USD resistance is at 1.2771. Support is at 1.2728. • Canadian dollar gets support from oil • Rising US Treasury yields drive greenback demand • US dollar opens with […]

By Writer | February 8, 2021 | 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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