CADUSD=X - CAD/USD
| Previous Close | 0.774 |
| Open | 0.774 |
| Bid | 0.774 |
| Day's Range | 0.773 - 0.775 |
| 52 Week Range | 0.7476 - 0.8160 |
| Ask | 0.774 |
- The Canadian Press•10 hours ago
Higher crude oil prices pushes the Canadian dollar high; TSX essentially flat
The Canadian dollar was pushed to its highest level in September on Wednesday after crude oil prices hit a two-month peak. The Canadian dollar traded at an average of 77.24 cents US compared with an average of 76.97 cents US on Tuesday. The loonie started the day lower on NAFTA uncertainty but recovered following an inventory report showed another sizable draw in crude stockpiles, says Candice Bangsund, portfolio manager for Fiera Capital.
- The Canadian Press•10 hours ago
Higher crude oil prices pushes the Canadian dollar high; TSX essentially flat
The Canadian dollar was pushed to its highest level in September on Wednesday after crude oil prices hit a two-month peak. The Canadian dollar traded at an average of 77.24 cents US compared with an average of 76.97 cents US on Tuesday. The loonie started the day lower on NAFTA uncertainty but recovered following an inventory report showed another sizable draw in crude stockpiles, says Candice Bangsund, portfolio manager for Fiera Capital.
- FX Empire•20 hours ago
USD/CAD Daily Price Forecast – USD/CAD Tests New Monthly Lows on Broad based USD Sell-Off
Traders shrug off NAFTA uncertainties amid fresh USD selling while bullish oil prices underpin Loonie and exert additional pressure.
- FX Empire•2 days ago
USD/CAD Daily Price Forecast – USD/CAD Range Bound On USD Sell Off But Stable Above 1.30 Handle
USD/CAD posts modest losses on the back of a retreat of the US dollar on a quiet Monday.
Reuters•2 days agoCanadian dollar steadies ahead of trade news as investors bet on volatility
U.S. President Donald Trump said he would announce his latest plan on China tariffs after the markets close, with expectations he would level them on about $200 billion of Chinese imports. Canada runs a current account deficit, so its economy could be hurt if the global flow of trade or capital slows. The country has its own trade feud with the United States and is also in talks to revamp the North American Free Trade Agreement.
- FX Empire•3 days ago
USD/CAD Daily Price Forecast – USD/CAD Range Bound as USD Failed To Breach Resistance at 1.3050 Handle
Bullish oil prices underpin Loonie and keep a lid on any further up-move, while a subdued USD price action does little to provide any meaningful impetus.
- FX Empire•6 days ago
USD/CAD Daily Price Forecast – USD/CAD Continues Range Bound Movement on Weak US Greenback
The pair fails to attract any buying interest amid subdued USD price-action while bullish oil prices support Loonie and contributed towards capping.
- FX Empire•7 days ago
Australian Dollar Jumps on Sharp Rise in Employment, No Surprises from the BoE and ECB, TRY Jumps as CBRT Increases Rates
Australia’s employment rose a strong 44.0K in August, more than reversing the modest 4.3K drop in July. U.S. producer prices unexpectedly fell in August with the weakness led by declines in the prices of food and a range of trade services. U.S. crude oil production fell by 100,000 bpd, to 10.9 million bpd, as the industry faces pipeline capacity constraints. According to the Federal Reserve’s latest Beige Book released late Wednesday, three of the Fed’s 12 districts – St. Louis, Philadelphia and Kansas City – reported weaker growth in August. Fed Governor Lael Brainard said in a speech on Wednesday that the Federal Reserve likely will continue gradual interest rate increases but will accelerate the pace if signs that financial imbalances continue to build.
- FX Empire•7 days ago
USD/CAD Daily Price Forecast – USD/CAD Consolidates above 1.30 but Remains near Weekly Lows on Subdued USD
Modest USD rebound/weaker oil prices helped regain some positive traction.
- FX Empire•8 days ago
Technical Overview of Important CAD Pairs: 12.09.2018
Following its inability to sustain the U-turn from 100-day SMA, USDCAD re-tests the same SMA figure of 1.3040, breaking which 1.3000 and 1.2960 can offer intermediate halts during the pair’s drop to 1.2925 trend-line number. Should CAD optimists refrain to respect the 1.2925 mark, the quote could visit 200-day SMA level of 1.2860 and the 1.2800 rest-points. On the upside, 50-day SMA level of 1.3090 and 1.3110 may entertain short-term buyers before challenging them with 1.3180 resistance. Moreover, pair’s successful trading above 1.3180 might witness 1.3220 and the 1. ...
- FX Empire•8 days ago
USD/CAD Daily Price Forecast – USD/CAD Consolidates After Steep Downtrend Movement on Crude Oil Price Action
CAD underpinned by NAFTA optimism, higher oil prices.
- FX Empire•8 days ago
Asian Stocks Dip On Report China Will Ask WTO for Permission to Impose Tariffs on US
Stocks are being pressured overnight on the back of the news that China will be making a request to the World Trade Organization (WTO) to impose sanctions on the U.S. The two-year yield hit 2.744 percent for the first time since July 2008. The U.S. Dollar plunged on Tuesday against the Canadian Dollar after Canada signaled it was ready to make a concession to the United States to resolve their talks over reworking NAFTA. The Australian Dollar, a proxy for global growth due to the nation’s significant trade exposure to China, is trading near a 2 ½-year low early Wednesday.
- FX Empire•9 days ago
USD/CAD Daily Price Forecast – USD/CAD Flat Ahead of Canadian Housing Stats Data As Investors Await Updates on NAFTA Proceedings
A modest USD retracement exerts some downward pressure on Tuesday while renewed uptick in oil prices underpin Loonie and adds to the weakness however downside remains cushioned amid escalating global trade tensions
- FX Empire•10 days ago
USD/CAD Daily Price Forecast – USD/CAD Turns Range Bound as Greenback Clings to Friday’s Momentum on Facing Resistance at 1.32 Handle
Bullish oil prices underpin Loonie and exert some downward pressure.
- FX Empire•13 days ago
USD/CAD Daily Price Forecast – USD/CAD Drops As Trade War Woes Drag Down US Dollar
NAFTA has been the central driver once again as hopes of a NAFTA deal post-Trump’s comments keep the CAD buoyed.
- FX Empire•13 days ago
The USD in the Hot Seat, with Trade War Chatter and NFP Data in Focus
While the Aussie Dollar continues to get hit in spite of better than expected stats through the week, focus will be on trade and U.S stats later today.
- FX Empire•14 days ago
USD/CAD Daily Price Forecast – USD/CAD Continues Range bound Momentum Ahead of US NFP Update
Subdued USD price action/NAFTA uncertainties do little to provide any meaningful impetus.
- FX Empire•15 days ago
Technical Outlook For USD/CAD, EUR/CAD, GBP/CAD & NZD/CAD: 05.09.2018
Having breached 50-day SMA & near-term important TL, the USDCAD seems all set to challenge the 1.3265-70 horizontal-region but overbought RSI might question the pair’s further upside. Though, pair’s sustained rise beyond 1.3270 can help it aim for the 1.3330 and the 1.3385 resistances. Meanwhile, the 1.3160 could offer immediate support during the pair’s pullback before highlighting the resistance-turned-support confluence of 1.3100-3090. Given the sellers fetch prices beneath 1.3090 on a daily closing basis, the 1.3000, the 1.2910 and the 200-day SMA level of 1. ...
- FX Empire•15 days ago
USD/CAD Daily Price Forecast – USD/CAD Stable above 1.31 Handle Ahead of BOC Interest Rate Decision
Resurgent USD demand helps regain traction and turn higher for the fifth straight session while a sharp fall in oil prices weigh on Loonie and further collaborates to the positive momentum.
- FX Empire•15 days ago
USD comes back to the game
EURUSD tested the 1.153 support! That is a crucial line for the long-term situation on the chart (neckline of the huge H&S formation). A test was positive for the buyers as the price bounced and went 80 pips higher creating a long tail on the daily candle. This optimism is not kept today as the price is about to test this support again. Price closing a day below that level will be very negative.
- FX Empire•16 days ago
USD/CAD Daily Price Forecast – USDCAD Hits 2 Week High on Support from Bond Yields & Resurgent USD Demand
Bullish oil prices do little to support Loonie and stall the ongoing positive momentum as NAFTA concerns continue to weigh on CAD and remain supportive of the up-move.
- FX Empire•17 days ago
USD/CAD Daily Price Forecast – Fading NAFTA Optimism Pressures Canadian Loonie.
Fading NAFTA optimism keeps exerting some pressure on the Canadian Dollar as investors focus on BOC monetary policy update
- FX Empire•20 days ago
Important CAD Pairs’ Technical Checks: 31.08.2018
With the fortnight long descending trend-line still being untouched, the USDCAD can continue being weaker and may revisit the 1.2960, adjacent to 1.2935 supports. Should prices dip beneath the 1.2935, the 1.2885 and the 1.2845, comprising 61.8% FE level, might please the sellers. Alternatively, successful break of 1.3030 TL could escalate the pair’s recovery towards the 1.3100 and the 1.3110 trend-line resistance, clearing which 1.3170 may appear on the chart. Additionally, pair’s sustained trading beyond 1.3170 can recall the 1.3220 and the 1.3285 levels as quotes.EUR/CAD
- FX Empire•20 days ago
USD/CAD Daily Price Forecast – USD/CAD Finds Support at 1.30 Handle as NAFTA Talks Come into Focus
Softer Canadian GDP growth numbers continue to weigh on Loonie as traders look at NAFTA proceedings and second tier data for fresh impetus
- FX Empire•20 days ago
China New Export Orders Slide, with Focus now on Trump
Economic data out of China and Japan reflected the effects of the ongoing trade war, with focus now on the U.S and Canada, the NAFTA deadline today.
