Canadian Dollar Update, December 16, 2020 – Canadian Dollar out of Step
USD/CAD Open: 1.2748-52, Overnight Range: 1.2693-1.2764 WTI Oil is at $47.45 and gold is at $1,859.50. US markets are higher today. For today, USD resistance is at 1.2786. Support is at 1.2723. • Chance of Brexit deal pegged at 75% • FOMC meeting and updated forecasts due today • Canadian dollar underperforms The Canadian dollar […]
Canadian Dollar Update, December 9, 2020 – Canadian Dollar Dancing with Resistance
USD/CAD Open: 1.2785-89, Overnight Range: 1.2769-1.2832 WTI Oil is at $45.61 and gold is at $1,839.40. US markets are lower today. For today, USD resistance is at 1.2856. Support is at 1.2763. • Reports of progress in US COVID-19 Relief talks support positive risk sentiment • GBPUSD soars ahead of Leaders dinner today • US […]
Canadian Dollar Update, December 7, 2020 – Canadian Dollar Rally Pauses
USD/CAD Open: 1.2810-14, Overnight Range: 1.2769-1.2832 WTI Oil is at $46.22 and gold is at $1,865.60. US markets are mixed today. For today, USD resistance is at 1.2811. Support is at 1.2770. • GBPUSD smacked as trade talks sputter • American coronavirus cases top 183,000 yesterday • US Congress may have a stimulus deal The […]
Canadian Dollar Update, December 2, 2020 – Canadian Dollar Riding Positive Risk Wave
USD/CAD Open: 1.2939-43, Overnight Range: 1.2916-1.2958 WTI Oil is at $45.46 and gold is at $1,832.30. US markets are lower today. For today, USD resistance is at 1.2949. Support is at 1.2916. • EURUSD consolidating recent gains • GBPUSD whip-sawing on Brexit rumours • US dollar opens with marginal gains The Canadian dollar made a […]
Canadian Dollar Update, November 30, 2020 – Canadian Dollar Climbs
USD/CAD Open: 1.2959-63, Overnight Range: 1.2923-1.2995 WTI Oil is at $44.85 and gold is at $1,782.60. US markets are lower today. For today, USD resistance is at 1.3003. Support is at 1.2951. • Canadian dollar lifted by month end demand flows • Oil price slumps as OPEC meeting begins • US dollar ending the month […]
Canadian Dollar Update, November 27, 2020 – Canadian Dollar Demand for Month-End
USD/CAD Open: 1.2990-94, Overnight Range: 1.2972-1.3024 WTI Oil is at $45.59 and gold is at $1,789.80. US markets are higher today. For today, USD resistance is at 1.3010. Support is at 1.2966. • Canadian dollar testing resistance, in part due to month-end demand • GBPUSD rangebound as Brexit talks continue • FX risk sentiment remains […]
Canadian Dollar Update, November 25, 2020 – Canadian Dollar Rises with Crude Prices
USD/CAD Open: 1.3013-17, Overnight Range: 1.2990-1.3029 WTI Oil is at $45.54 and gold is at $1,809.60. US markets are mixed today. For today, USD resistance is at 1.3030. Support is at 1.2964. • Vaccine hopes fueling positive risk sentiment • Plenty of top-tier US data today • US dollar consolidating losses into thanksgiving holiday The […]
Canadian Dollar Update, November 23, 2020 – Canadian Dollar Grinding Higher
USD/CAD Open: 1.3048-52, Overnight Range: 1.3045-1.3112 WTI Oil is at $43.05 and gold is at $1,835.30. US markets are higher today. For today, USD resistance is at 1.3101. Support is at 1.3074. • Higher oil prices support Canadian dollar • Risk sentiment improves with new vaccine data • GBPUSD climbs on Brexit deal hopes The […]