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 February 25, 2020 – Canadian Dollar worried by Wall Street woes

USD/CAD Open: 1.3293-1.3294, Overnight Range: 1.3271-1.3305 Oil is at $50.99 and gold is at $1,652.30. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3308. Support is at 1.3245. Wall Street stock prices were knocked for a loop yesterday, and those losses weighed on the Canadian dollar. […]

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

Canadian Dollar Update February 24, 2020 – Canadian Dollar drops with oil

USD/CAD Open: 1.3252-1.3253, Overnight Range: 1.3241-1.3307 Oil is at $51.20 and gold is at $1,674.40. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3314. Support is at 1.3230. The Canadian dollar plunged overnight, following a 4.2% drop in West Texas Intermediate oil prices. A steep jump […]

By KBFX | February 24, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 21, 2020 – Canadian Dollar may be a US Dollar proxy

USD/CAD Open: 1.3256-1.3257, Overnight Range: 1.3219-1.3268 Oil is at $53.20 and gold is at $1,646.90. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3282. Support is at 1.3225. The Canadian dollar is trading like it’s a US dollar proxy, especially when compared to the other commodity […]

By KBFX | February 21, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 20, 2020 – Canadian Dollar underpinned by crude prices

USD/CAD Open: 1.3218-1.3219, Overnight Range: 1.3211-1.3265 Oil is at $54.30 and gold is at $1,620.10. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3268. Support is at 1.3197. The Canadian dollar crept higher yesterday despite the domestic inflation data giving the Bank of Canada another excuse […]

By KBFX | February 20, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 19, 2020 – Canadian Dollar defying gravity

USD/CAD Open: 1.3259-1.3260, Overnight Range: 1.3215-1.3260 Oil is at $53.15 and gold is at $1,610.50. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3260. Support is at 1.3205. The Canadian dollar is defying gravity. The domestic currency is clawing out gains even as the other commodity […]

By KBFX | February 19, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 18, 2020 – Canadian Dollar gets bitten by Apple

USD/CAD Open: 1.3234-1.3235, Overnight Range: 1.3229-1.3278 Oil is at $51.46 and gold is at $1,605.80. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3285. Support is at 1.3228. The Canadian dollar got bitten by Apple. The trillion-dollar tech-behemoth downgraded their earnings outlook for Q1 2020 and […]

By KBFX | February 18, 2020 | Daily Update | 0 comments Read more >

FX Monthly Outlook – February 2020

Economic Outlook and Summary The Federal Reserve interest rate currently stands at 1.5-1.75%, with expectations of a neutral stance throughout 2020. The neutral stance is supported by higher-than-expected job growth and inflation, registering an increase in payroll by 225,000, and an inflation rate of 2.5%. Further growth is expected to remain within 2% for 2020, […]

By KBFX | February 15, 2020 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Update February 14, 2020 – Canadian Dollar feeling the love

USD/CAD Open: 1.3267-1.3268, Overnight Range: 1.3235-1.3269 Oil is at $52.03 and gold is at $1,585.60. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3271. Support is at 1.3232. Love is in the air, and the Canadian dollar is feeling it. The Loonie continues to probe resistance […]

By KBFX | February 14, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 13, 2020 – Canadian Dollar rally stalling

USD/CAD Open: 1.3249-1.3250, Overnight Range: 1.3240-1.3271 Oil is at $51.40 and gold is at $1,579.80. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3273. Support is at 1.3222. The Canadian dollar drifted higher steadily this week, but the rally seems to have stalled overnight. USDCAD was […]

By KBFX | February 13, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 12, 2020 – Canadian Dollar scratches higher

USD/CAD Open: 1.3285-1.3286, Overnight Range: 1.3253-1.3295 Oil is at $51.52 and gold is at $1,567.60. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3286. Support is at 1.3225. The Canadian dollar managed to scratch out a small gain overnight, and domestic developments did not have anything […]

By KBFX | February 12, 2020 | 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, 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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