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 5, 2021 – Canadian Dollar getting support from crude

USD/CAD Open: 1.2795-99, Overnight Range: 1.2788-1.2831, Previous Close: 1.2824 WTI Oil is at $56.81 and gold is at $1,807.83. US markets are higher today. For today, USD resistance is at 1.2811. Support is at 1.2742. • WTI oil climbs to $57.06/b, last seen January 2020 • Record high US stocks stoke global equity rally • […]

By Writer | February 5, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 4, 2021 – Canadian Dollar resisting a retreat

USD/CAD Open: 1.2806-10, Overnight Range: 1.2779-1.2823, Previous Close: 1.2786 WTI Oil is at $56.13 and gold is at $1,812.08. US markets are higher today. For today, USD resistance is at 1.2863. Support is at 1.2802. • US Dollar Index probing resistance • Surging crude prices support Canadian dollar • Bank of England leaves policy unchanged […]

By Writer | February 4, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 3, 2021 – Canadian Dollar Trading Sideways

USD/CAD Open: 1.2787-91, Overnight Range: 1.2765-1.2801, Previous Close: 1.2784 WTI Oil is at $55.11 and gold is at $1,834.68. US markets are higher today. For today, USD resistance is at 1.2791. Support is at 1.2753. • Global equity markets extend gains • Higher oil prices providing limited support to Loonie • US dollar trying to […]

By Writer | February 3, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 2, 2021 – Canadian Dollar Outperforms Commodity Currency Bloc

USD/CAD Open: 1.2807-11, Overnight Range: 1.2784-1.2857, Previous Close: 1.2859 WTI Oil is at $54.83 and gold is at $1,849.46. US markets are higher today. For today, USD resistance is at 1.2844. Support is at 1.2787. • Soaring crude prices underpin Canadian dollar • Global equities rise on US stimulus talks • US dollar opens on […]

By Writer | February 2, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 1, 2020 – Canadian Dollar still basking in GDP glow

USD/CAD Open: 1.2801-05, Overnight Range: 1.2764-1.2817, Previous Close: 1.2778 WTI Oil is at $52.39 and gold is at $1,860.48. US markets are higher today. For today, USD resistance is at 1.2864. Support is at 1.2796. • US ISM Manufacturing PMI ahead • Silver prices soar, highest since 2013 • Global equities start new month on […]

By Writer | February 1, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 29, 2021 – Canadian Dollar Sinks then Soars

USD/CAD Open: 1.2828-32, Overnight Range: 1.2821-1.2873, Previous Close: 1.2831 WTI Oil is at $52.57 and gold is at $1,857.98. US markets are lower today. For today, USD resistance is at 1.2836. Support is at 1.2700. • Global equity indexes sink-US futures negative but off their worst levels • Month-end portfolio rebalancing flows undermining US dollar […]

By Writer | January 29, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 28, 2021 – Canadian Dollar Crushed

USD/CAD Open: 1.2854-58, Overnight Range: 1.2798-1.2879, Previous Close: 1.2803 WTI Oil is at $52.71 and gold is at $1,842.20. US markets are higher today. For today, USD resistance is at 1.2857. Support is at 1.2755. • Wall Street sell-off sparks “risk-off” shift • No surprises from FOMC – low rates for a long time • […]

By Writer | January 28, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 27, 2021 – Canadian Dollar Tracking Antipodean Currency Moves

USD/CAD Open: 1.2719-23, Overnight Range: 1.2688-1.2730, Previous Close: 1.2697 WTI Oil is at $52.92 and gold is at $1,846.40. US markets are lower today. For today, USD resistance is at 1.2804. Support is at 1.2713. • FOMC statement released this afternoon • EURUSD testing downside support • US dollar opens on a firm note The […]

By Writer | January 27, 2021 | Daily Update | 0 comments Read more >

January 2021: FX Outlook

As COVID cases continue to rise globally, with many countries demonstrating second and third waves exceeding their initial outbreaks, vaccine producers have been scrambling to distribute as many doses as possible. This has left Canada with fewer-than-expected doses in the near-term, as vaccine producers reduce their output in order to meet longer-term demand. Currently, vaccines […]

By Admin | January 25, 2021 | Monthly Canadian Dollar Outlook/Forecast | 0 comments Read more >

Canadian Dollar Update, January 25, 2021 – Canadian Dollar Looking for Direction

USD/CAD Open: 1.2699-2703, Overnight Range: 1.2690-1.2734, Previous Close: 1.2733 WTI Oil is at $52.79 and gold is at $1,862.87. US markets are lower today. For today, USD resistance is at 1.2782. Support is at 1.2704. • Virtual World Economic Forum in Davos starts today • German IFO index data weighs on EURUSD • Global risk […]

By Admin | | 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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