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Research Results

Results for 'USDCAD'

2 articles with this tag name

USDCAD hits the bullseye

Updated  Jan 21, 2014 5:40:00 AM

The biggest news from a technical perspective this morning has been USDCAD’s break above 1.10. This is the highest level since August 2009, and is a significant development for this pair. If we can maintain these levels then we may see 1.12 in USDCAD in the coming weeks and months. USDCAD is turning into one of the most reliable trends in the FX world since the start of this year. There was some stickiness  [...] Continue Reading ...

Tags: currency, USDCAD

USDCAD broke to a new multi-year high on data & dovish BoC commentary

Updated  Jan 7, 2014 5:25:00 PM

USDCAD broke above the 2013 high around 1.0740 earlier today on the back of better than expected US trade figures as well as poor Canadian economic data and continued to rally on dovish commentary from Bank of Canada Governor Poloz: •  US November Trade Balance: -$34.3B vs con. -$40B, up from -$39.3B in October
•  Canada Nov. Trade Balance: -0.94B vs. exp. -0.10B & Oct. revised lower to -0.91B from +0.08B
•  Canada December Ivey  [...] Continue Reading ...

Tags: BOC, Canada, Loonie, NFP, US, USDCAD

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