Canadian Dollar Forecast and Updates

Knightsbridge FX 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 October 30, 2019 – Canadian Dollar traders await MPR

USD/CAD Open: 1.3086-1.3087 Overnight Range: 1.3074-1.3141 Oil is at $55.23 and gold is at $1,495.00. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3107. Support is at 1.3068. The Canadian dollar continued to consolidate recent gains in a quiet overnight session. Traders are biding their time […]

By KBFX | October 30, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update October 29, 2019 – Canadian Dollar ignored

USD/CAD Open: 1.3055-1.3056 Overnight Range: 1.3042-1.3070 Oil is at $54.98 and gold is at $1,489.00. US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3094. Support is at 1.3031. The Canadian dollar was ignored overnight. The rest of the G-10 major currencies didn’t fare much differently due […]

By KBFX | October 29, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update October 28, 2019 – Canadian Dollar inching higher

USD/CAD Open: 1.3059-1.3060 Overnight Range: 1.3049-1.3078 Oil is at $56.34 and gold is at $1,494.50. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3092. Support is at 1.3016. The Canadian dollar is inching higher. It is not alone. The Australian and New Zealand dollars have moved […]

By KBFX | October 28, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update October 25, 2019 – Canadian Dollar counting down to Fed and Bank of Canada

USD/CAD Open: 1.3070-1.3071 Overnight Range: 1.3057-1.3076 Oil is at $56.00 and gold is at $1,513.50. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3087. Support is at 1.3045. The Canadian dollar is consolidating gains around significant USDCAD support in the 1.3040-60 zone. It is having a […]

By KBFX | October 25, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update October 24, 2019 – Canadian Dollar gently firming

USD/CAD Open: 1.3071-1.3072 Overnight Range: 1.3053-1.3089 Oil is at $56.11 and gold is at $1,505.00. US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3111. Support is at 1.3057. The Canadian dollar is firming. The rally is rather subtle, and it has avoided wild price gyrations usually […]

By KBFX | October 24, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update October 23, 2019 – Canadian Dollar supported by Business Outlook Survey

USD/CAD Open: 1.3092-1.3093 Overnight Range: 1.3085-1.3109 Oil is at $55.11 and gold is at $1,496.60. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3119. Support is at 1.3074. The Canadian dollar is underpinned by the latest Bank of Canada Business Outlook Survey. Business Sentiment improved, albeit […]

By KBFX | October 23, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update October 22, 2019 – Canadian Dollar ignores election results

USD/CAD Open: 1.3087-1.3088 Overnight Range: 1.3071-1.3122 Oil is at $53.95 and gold is at $1,488.70. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3132. Support is at 1.3086. The Canadian dollar traded quietly overnight and ignored the Canadian election results. FX markets, in general, traded in […]

By KBFX | October 22, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update October 21, 2019 – Canadian Dollar rising

USD/CAD Open: 1.3132-1.3133 Overnight Range: 1.3098-1.3138 Oil is at $53.08 and gold is at $1,493.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3120. Support is at 1.3084. The Canadian dollar inched higher overnight, lifted by a modest improvement in global risk sentiment. Brexit and China/US […]

By KBFX | October 21, 2019 | Daily Update | 0 comments Read more >

FX Monthly Outlook – October 2019

Economic Outlook and Summary The Federal Reserve signaled towards a dovish stance in early-October as it announced it will begin to purchase Treasury bills and conduct overnight repurchase agreements—a sign of short-term quantitative easing. Additionally, the US agreed to hold tariffs at 25% and China agreed to purchase 40-50 billion dollars of US agriculture, signaling […]

By KBFX | October 18, 2019 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Update October 18, 2019 – Canadian Dollar driven by external influences

USD/CAD Open: 1.3136-1.3137 Overnight Range: 1.3131-1.3145 Oil is at $54.32 and gold is at $1,494.60. US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3160. Support is at 1.3120. The Canadian dollar is at the mercy of external developments and, for the moment, they favour the currency. […]

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

Canadian Dollar Forecast

Knightsbridge FX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices interest rate activity are likely to affect the CAD. 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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