Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3334-1.3335      Overnight Range:     1.3332-1.3371 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $57.71 and gold is at $1,308.  US markets are higher. There are no releases scheduled for today’s session. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3378.  Support is at 1.3300. […]

USD/CAD Open: 1.3377-1.3378      Overnight Range:     1.3369-1.3417 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $57.39 and gold is at $1,297.  US markets are mixed. There are no releases scheduled for today’s session. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3402.  Support is at 1.3355. […]

USD/CAD Open: 1.3406-1.3407      Overnight Range:     1.3404-1.3441 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $56.83 and gold is at $1,296.  US markets are higher. There are no releases scheduled for today’s session. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3456.  Support is at 1.3401. […]

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USD/CAD Open: 1.3420-1.3421      Overnight Range:     1.3390-1.3467 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $55.00 and gold is at $1,299.  US markets are lower. There are no releases scheduled for today’s session. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3529.  Support is at 1.3319. […]

USD/CAD Open: 1.3420-1.3421      Overnight Range:     1.3414-1.3448 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $56.55 and gold is at $1,284.  US markets are lower. There are no releases scheduled for today’s session. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3456.  Support is at 1.3400. […]

USD/CAD Open: 1.3377-1.3378      Overnight Range:     1.3345-1.3391 The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $56.09 and gold is at $1,286.  US markets are mixed. There are no releases scheduled for today’s session. The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3414.  Support is at 1.3358. […]

Economic Outlook and Summary U.S and Canada’s central banks have shifted into a wait-and-see mode now that their policy rates are narrowing in on the lower bound estimates of the neutral range. Waiting will hopefully reset the bar for further rate hikes in 2019, but there is uncertainty surrounding an economic recovery that can sustain […]