Canadian dollar news

USD/CAD finally broke out from the five month range last week and dived to as low as 1.0154. The strong break of 1.0205 low invalidated our view and in turn indicates that whole medium term down trend from 1.3063 is still in progress. Initial bias remains on the downside this week and further fall should now be seen to 161.8% projection of 1.0779 to 1.0369 from 1.0679 at 1.0016 next, which is clos…

US Dollar at Risk for Further Declines versus Euro on FX Positioning Euro Will Struggle to Develop a Trend with Greece Back in the Headlines Japanese Yen: Speculation for Intervention to Intensify Ahead of BoJ British Pound May Rise as Bank of England Releases Meeting Minutes Swiss Franc Vulnerable As SNB Threat Grows Canadian Dollar on Pace for Parity Against the US Dollar Australian Dollar May b…

As we suggested last week, risk appetites improved a bit further this past week and most risky assets advanced, with the notable exception of precious metals and commodities. In FX, the clear standouts were the JPY crosses, like EUR/JPY, CAD/JPY and AUD/JPY, which all moved above recent highs. Solid data out of China and the US supported the notion that the global recovery is on track, though many…

Daily Video Technical Update: EUR/JPY, GBP/JPY, USD/JPY, AUD/JPY, CAD/JPY FX Times/CMS Forex http://www.fxtimes.com http://www.cmsfx.com Analyst: Fan Yang, CTA

FXstreet.com (London) - After failing to break a very tight range in Asian trading Loonie has made... For more information, read our latest forex news.

Canadian unemployment rate declined in February from the previous 8.3%, to reach 8.2%, which come better than markets estimates of 8.3 %, meanwhile Net change in Employment dropped in the same month to 20.9 thousand compared with the previous reported 43.0 thousand rise and better than markets expec...

Bearish price action on USD/CAD, a daily chart of which is shown, has finally made a tentative breakdown below the key 1.0200 support level after respecting this level several times this week. Friday's (3/12/2010) breakdown of 1.0200 establishes a new 19-month low for this pair.

Strong Canadian employment figures have sent the loonie on a rally, breaking the July 2008 resistance level against the greenback and heading towards parity. Data for February showed the unemployment rate dropping from 8.3% to 8.2%, while the employment change result was largely as expected (20.9k actual vs. 20k forecast).

Update on supports and resistances.

FXstreet.com (Barcelona) - The Dollar retreat from 1.0320 high on Thursday has extended on Friday... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Canada's unemployment rate ticked down to 8.2% in February from 8.3% in... For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

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Technical analysis for major currencies with major support and resistance levels and recommendations for 12-03-2010

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• Dollar Settles as Confidence and Retail Sales Data Offers a Last Chance for Volatility this Week • Canadian Dollar Recovers on Trade and Housing Data, Looks to Jobs Data for a Breakout • Euro Discomforted by Policy Makers Doubts and Reservations • New Zealand Dollar Fails to Generate the Same Volatility on Retail Sales that the RBNZ Mustered

FXstreet.com (London) - The USD rally across the board which ensued following the weaker US jobs... For more information, read our latest forex news.

Canada\'s International Merchandise Trade for January surplus expanded to 0.8 billion; better than the forecasted 0.2 billion and the prior revised reading of 0.1 billion from -0.2 billion.

Canada\'s New Housing Price Index for January stayed unchanged at 0.4% as it was already forecasted by the market.

FXstreet.com (London) - USD/CAD gained earlier today, as Greenback was boosted by a move to safety... For more information, read our latest forex news.

- China Inflation, Production Accelerate, Adding Pressure for Stimulus Exit (Bloomberg) - Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit (Bloomberg) - LONDON, March 11 (Reuters) - Britons' expectations for inflation over the next 12 months rose slightly to 2.5 percent in February from 2.4 percent in November, a quarterly survey from the Bank of England showed on Thursday…

FXstreet.com (Barcelona) - The Canadian international merchandise trade with the rest of the world... For more information, read our latest forex news.

Update on supports and resistances.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

The last commentary is unchanged : '1.0322 is still resistance and as far as it is the case, we maintain to trade only short positions. If this level is broken, we will stay neutral. The next objective is at 1.0225 for a full retracement of the last bullish movement. The break out of this level wil...

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Daily Video Technical Update: GBP/USD, AUD/USD, USD/CAD, EUR/GBP Provided by FX Times/CMS Forex http://www.fxtimes.com http://www.cmsfx.com Analyst: Fan Yang, CTA

FXstreet.com (London) - CAD was given a small boost this afternoon as oil futures firmed on the... For more information, read our latest forex news.

Gold found support in our 1st tier uptrend line yesterday and has bounced back from Tuesday lows, avoiding a retest of $1100/oz in the process. Gold is now back in the middle of its present trading range as gains in the Aussie and Loonie are counterbalanced by overall weakness in the Cable and Euro. That being said, it will be interesting to see how the Cable and EUR/USD react to tomorrow’s …

The Canadian dollar continues to find support on strong domestic fundamentals and an increase in broader optimism. The USD/CAD has closed lower for eight straight days and is looking to end that streak today. However, we have seen daily volatility condense which has created an ideal scalping opportunity. The pair continues to trade along a descending support trend line which is limiting downside r…

Update on supports and resistances.

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FXsteet.com (Barcelona) - The USD/CAD has fallen 40 pips from a daily high at 1.0290 to hit a daily... For more information, read our latest forex news.

The Canadian Dollar continued gaining versus the Dollar reaching a 7 week high, after stocks kept advancing and Crude continued trading above 80$ a barrel.

The U.S. Dollar remained strong against the Pound and the Euro yesterday.

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Technical analysis for major currencies with major support and resistance levels and recommendations for 10-03-2010

The parity got out of its bearish channel. However, we maintain our last commentary : '1.0322 is still resistance and as far as it is the case, we maintain to trade only short positions. If this level is broken, we will stay neutral. The next objective is at 1.0225 for a full retracement of the las...

FXstreet.com (London) - CAD ceded some of its gains against the Greenback in the afternoon trading... For more information, read our latest forex news.

FXstreet.com (London) - USD/CAD is off around 50 pips from earlier session highs as the return to... For more information, read our latest forex news.

Update on supports and resistances.

FXstreet.com (Barcelona) - The US dollar has seen its upwards rally versus its northern neighbor... For more information, read our latest forex news.

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Ashraf, British Pound, Canadian Dollar, China, GBPUSD, Gold, IMF, New Zealand Dollar, U.S. Dollar, Yen

The Canadian Dollar remained unchanged versus the Dollar after commodities ended mixed and markets almost flat.

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Technical analysis for major currencies with major support and resistance levels and recommendations for 09-03-2010

The parity is still moving into its bearish movement. 1.0322 is still resistance and as far as it is the case, we maintain to trade only short positions. If this level is broken, we will stay neutral. The next objective is at 1.0225 for a full retracement of the last bullish movement. The break out...

Daily Video Technical Update: EUR/USD, GBP/USD, USD/JPY, USD/CAD Provided by FX Times/CMS Forex http://www.fxtimes.com http://www.cmsfx.com Analyst: Fan Yang, CTA

Canada released today the housing starts index for the month of February, where housing starts increased to 196,700 units from the prior reported estimate of 186.3 thousand and above median estimates of 190,000 units.

FXstreet.com (London) - The Loonie has traded a fairly narrow range this session, bouncing around a... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Dollar decline from Feb 25 high at 1.0680 has lost steam, and the pair... For more information, read our latest forex news.

Update on supports and resistances.

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