Rosy Economic Outlook Boosts the Loonie
July 22, 2009 1:40 pm by Natalie R.As was widely expected, the Bank of Canada (BOC) kept its overnight rate target at 0.25% Tuesday, restating its commitment to keep the rate unchanged until the end of the second quarter of 2010. Immediately following the announcement, the Canadian ...
GBP/CAD Provides Bullish Signals
July 13, 2009 7:25 pm by Yan Petters• The chart below is the GBP/CAD 4-hour chart from ForexYard. • The technical indicators used are the Bollinger Bands, the Slow Stochastic and the Relative Strength Index (RSI). The Fibonacci Retracement Lines were used as well. • A doji candlestick, located at the 38.2% ...
CAD JPY on Course for Reversal
July 13, 2009 1:39 pm by Anton Eljwizat• The charts below are the 4-hour chart and daily chart for CAD/JPY by ForexYard. • The technical indicators used are Slow Stochastic, RSI and MACD.
USD/CAD Impending Bearishness
June 17, 2009 9:32 pm by Anton Eljwizat• The chart below is the daily chart for USD/CAD by ForexYard. • The technical indicators used are the Slow Stochastic and RSI.
CAD Strengthens on Rising Oil Prices
June 10, 2009 11:30 am by Natalie R.CAD The Canadian Dollar has resumed its upward trend against the USD these past few days after weakening 2.5% the previous week. The rally was prompted by advances in Crude Oil prices and gains in the stock market. Dramatic moves in ...
Canadian Housing Starts on Tap
June 8, 2009 6:22 am by Greg Holden12:15 GMT – CAD – Housing Starts - Number of new residential buildings which began construction during the previous month. - Released monthly, but in an annualized format.
Dollar Forecast – USD Rally Anticipated
June 8, 2009 6:16 am by Natalie R.USD The U.S dollar rose sharply against its major rivals Friday, as economic data showed evidence the U.S. recession is easing, boosting demand for the nation’s assets. The EUR/USD climbed 1.3% to $1.3968 as a government data that showed the U.S. ...
USD and CAD Forecast
May 26, 2009 11:38 am by Greg HoldenWeek of 25 May 2009 USD The US Dollar is in retreat. The past week has seen the Dollar slide to its lowest level this year against most major currencies. The Dollar Index has lost about 3.6% this week, trading at 80.045 ...
CAD Core Retail Sales Report – April 2009
April 22, 2009 4:41 pm by Russell GlaserYesterday, in a surprise move, the Bank of Canada (BoC) cut its benchmark lending rate 25 basis points to further ease the stifled credit markets of Canada. The bank also issued a statement saying it plans to leave the rate ...
