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Daily Forex Commentary
30/03/2012 |OzForex
US Dollar vs Canadian Dollar: The USD/CAD traded to a high of 1.0015 yesterday morning but was unable to hold slipping back to the familiar 0.9975 level. The Canadian budget was released with no real surprises being announced, the data was CAD positive longer term. Today the ...
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Daily Forex Commentary
29/03/2012 |OzForex
US Dollar vs Canadian Dollar: Overnight the USD remained stronger at 0.9990 as weaker data out of China scared investor back to the safe house buying of USD. This afternoon Canadian Finance Minister Flaherty will release the budget which should be CAD positive in the longer term ...
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Daily Forex Commentary
28/03/2012 |OzForex
US Dollar vs Canadian Dollar: USD/CAD has drifted marginally higher on the back of lower commodities and the general commodity block sell off. This Friday the Canadian Gross Domestic Product will be released which will provide solid insight on the health of the Canadian economy. ...
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Daily Forex Commentary
27/03/2012 |OzForex
US Dollar vs Canadian Dollar: USD/CAD has been unable to break below 0.9900 and traded within a 25 point range overnight. With little in the way of fundamental releases the market will take it lead from commodities and broader risk sentiment. The USD/CAD is still very much ...
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Daily Forex Commentary
26/03/2012 |OzForex
US Dollar vs Canadian Dollar: The Canadian Dollar has strengthened considerably this morning as markets add on risk in reaction to comments from Fed Chairman Ben Bernanke. The Fed leader announced more accommodative action is require to reduce unemployment providing confidence ...
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Daily Forex Commentary
23/03/2012 |OzForex
US Dollar vs Canadian Dollar: USD/CAD is trading higher despite Canadian inflation data coming in higher than expected. The USD is up across the board since yesterday’s release of poor data from China and Europe, the USD/CAD is currently above par at 1.0015. Technical ...
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Daily Forex Commentary
22/03/2012 |OzForex
US Dollar vs Canadian Dollar: USD/CAD has popped higher in this back drop of risk off, aided by a very weak retail sales number released this morning. The cracks in the global economy are becoming more visible with weak data out of China and Europe having markets shedding risk. ...
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Daily Forex Commentary
21/03/2012 |OzForex
US Dollar vs Canadian Dollar: The USD/CAD spiked to 0.9960 yesterday as the market reacted to the announcement of a sizable merger. Since the release the pairing has dropped back into the 0.9880 to 0.9940 range which the pairing has been contained within for the past eight ...
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Daily Forex Commentary
20/03/2012 |OzForex
US Dollar vs Canadian Dollar: USD/CAD has traded higher after a brief foray under 0.9880 yesterday and is reacting to general risk sentiment surrounding China and the RBA. The potential for large M&A deals could provide some support for the Loonie in the short ...
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Daily Forex Commentary
19/03/2012 |OzForex
US Dollar vs Canadian Dollar: The USD/CAD was very quiet last week ranging between 0.9880 and 0.9940. With little in the way of fundamental releases today the range will likely hold up. Oil has been steady for the month of March ranging between 105.00 to 110.00 providing solid ...
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