Insights

Dec 5, 2017
Rates are Barely Changed, Eyes on Bank of Canada

USD-CAD rate has barely moved, markets are awaiting the Bank of Canada comments tomorrow. Expectations are that nothing will happen other than the Bank of Canada stating that Canada’s economy is not growing as fast as the first six months of this year and there is no need to hike rates.   Support                                Resistance USDCAD   […]

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By MoneyWay
Dec 4, 2017
Canadian Dollar Unchanged Waiting for the Bank of Canada

The Canadian dollar, barring any world changing events, will likely remain in a narrow range until Wednesday. The Bank of Canada will make its rate announcement, which will remain the same, giving a slightly bearish outlook on the Canadian economy. Given this, then the USD-CAD likely weaken in the short term. Support                                Resistance USDCAD   1.2688. […]

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By MoneyWay
Dec 1, 2017
Stronger Canadian Data, Stronger Canadian Dollar

  Currently             Close                     Range USDCAD               1.2700                   1.2897                   1.2698-1.2902 EURCAD               1.5252                   1.5252                   1.5104-1.5357 GBPCAD               1.7150                   1.7443                   1.7138-1.7467 EURUSD               1.1928                   1.1904                   1.1851-1.1940 Prior                      Actual CA: Gross Domestic Prod Q3       Q/Q       1.1%                      0.4% —————————————Y/Y         3.7%                      3.0% Gross Domestic Prod Sep              M/M     -0.1%                     0.2% —————————————Y/Y        3.5%                      3.3% Employment  […]

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By MoneyWay
Nov 28, 2017
Plethora of U.S .Economic Data Boosts USD

The USD strengthened against most currencies on the back of today’s economic numbers, plus U.S. equity markets continue to move higher to record levels. Traders are still finding reasons to stay in dollar denominated assets, the Brexit situation is still a long way from settling, South East Asia, although it has calmed recently, it’s still […]

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By MoneyWay
Nov 27, 2017
Slightly Weaker Oil Prices, Weaker Canadian Dollar

Friday’s oil rig counts were higher than expected, while traders are still a bit unsure if OPEC and Russia can pull off their production cuts, allowed oil to fall 2.4%. Even though global stockpiles have fallen dramatically, the unknown on the horizon is how much the U.S. shale industry can pick up the pace? Experts […]

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By MoneyWay
Nov 24, 2017
Oil Moves Higher, Canadian Dollar Picks Up

Moneyway Analysts Report: Oil (West Texas Intermediate) is now trading at $58.67 USD a barrel, up 1.12%, this morning. The driving force behind its movement is that OPEC and Russia have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering […]

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By MoneyWay

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