USD/CAD Live News

This page provides live coverage and news analysis on the USD/CAD currency pair

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Oct. 26, 2020

Canadian Dollar up 30 pips, trading around 1.3162

Live - Updated 29 minutes ago.

After starting the session at 1.3132 USD/CAD spiked to 1.3165, dropped back to starting point range, and rallied again to 1.3162.

A look at other markets shows behavior that usually indicates a green move for the Canadian Dollar as crude oil drops to 39 (85 cents). USD/MXN gained 0.31% (64 pips), reaching 20.938 levels.

At 1.3159, Canadian Dollar made an initial breakout above the 10 day Simple Moving Average. The nearest resistance level is at 1.3575, followed by 1.3749 at the next level, support levels are at 1.2788, and followed by 1.2529 further down.

The market is looking forward to Tomorrow at 12:30 PM, data for United States Core Durable Goods Orders will be released, with an expected decline to 0.4 from the preceding figure of 0.6. United States Consumer Confidence is projected to outperform the last figure with 102.5, while it previously stood at 101.8, data will be released tomorrow at 2:00 PM. United States New Home Sales look to be getting worse with an expected 2.8 while the preceding figure was 4.8, New data will be out today at 2:00 PM.

Oct. 23, 2020

Stable day for Canadian Dollar, parking at 1.3132

(22:09) GMT

A mostly flat day for USD/CAD, ranging between 1.316 and 1.3105 and is now at 1.3132.

This in-between state of the Canadian Dollar is reflected by market data published as United States Initial Jobless Claims beat expectations of 860 with new data release of 787. This is also a step forward from the previous data of 842. Data for United States Existing Home Sales released on Thursday at 2:00 PM came out at 6.54, beating projections of 6.3 and showing improvement over the preceding figure of 5.98. Data for Canada CFTC CAD speculative net positions was released today at 7:30 PM, suggests a downwards trend at -19.1, while previous data was -13.6.

Meanwhile, mixed performances were seen elsewhere as Crude went down to 39.78 (85 cents). USD/MXN dropped -0.47% (98 pips) to 20.874.

At 1.3154, Canadian Dollar made an initial breakout above the 10 day Simple Moving Average. The nearest resistance level is at 1.3575, followed by 1.3749 at the next level, support levels are at 1.2788, and followed by 1.2529 further down.

Oct. 22, 2020

Steady Canadian Dollar holds at 1.3134

(22:09) GMT

This limbo state for Canadian Dollar is reflected by market data published as Canada Core Retail Sales released earlier, shows an improvement to 0.5 from the preceding data of -0.4, but falls short of the projected 0.9. Canada Retail Sales fell short of the 1.1 projections, at 0.4 and continued its downward trajectory from the previous figure of 0.6. Canada New Housing Price Index (MoM) (Sep) beat expectations of 0.5 with new data release of 1.2. This is also a step forward from the previous data of 0.5.

Meanwhile, mixed performances were seen elsewhere as USD/MXN dropped -0.72% (151 pips) to 20.949. USD/SGD is trading around 1.3567 after starting the session at 1.3537 (up 0.22%).

The nearest resistance level is at 1.3575, followed by 1.3749 at the next level, support levels are at 1.2788, and followed by 1.2529 further down.

Data to be released later might clear up some of the fog for the Canadian Dollar as Canada CFTC CAD speculative net positions are scheduled to come out tomorrow at 7:30 PM. The United States Manufacturing PMI is projected to outperform the last figure with 53.4, while it previously stood at 53.2, data will be released tomorrow at 1:45 PM. The United States Services PMI is set for tomorrow at 1:45 PM.

Oct. 21, 2020

Canadian Dollar steady at 1.3138, no significant movement

(22:09) GMT

This limbo state for Canadian Dollar is reflected by market data published as Canada Core Retail Sales released earlier, shows an improvement to 0.5 from the preceding data of -0.4, but falls short of the projected 0.9. Canada Core Consumer Prices was released today at 12:30 PM with a figure of 0.1, while the previous figure was zero. Canada Retail Sales fell short of the 1.1 projections, at 0.4 and continued its downward trajectory from the previous figure of 0.6.

Meanwhile, mixed performances are seen elsewhere as the New-Zealand Dollar is trading around 0.6657 after starting the session at 0.6581 (down 1.17%). USD/ZAR lost 160 pips from the start of the session, trading at 16.2945 levels.

The nearest resistance level is at 1.3575, followed by 1.3749 at the next level, support levels are at 1.2788, and followed by 1.2529 further down.

Data to be released later might clear up some of the fog for the Canadian Dollar as United States Existing Home Sales are projected to outperform the last figure at 6.3 while it previously stood at six, data will be released tomorrow at 2:00 PM. The United States Initial Jobless Claims is projected to outperform last figure with 860, while it previously stood at 898, figure will be published tomorrow at 12:30 PM. United States FOMC Member Kaplan's speech will be released tomorrow at 10:00 PM.

Oct. 20, 2020

Canadian Dollar down 62 pips(-0.48%), trading around 1.3124

(22:09) GMT

This downslide might be related to financial indicators data published earlier as United States Building Permits fell short of the 1.52 projections, at 1.553 and continued its downward trajectory from the previous figure of 1.476.

Meanwhile, Canada Wholesale Sales (MoM) (Aug) matched expectations with a new data release of 0.3. This is a step backward from the previous data of 4.3. United States API Weekly Crude Oil Stock beats expectations of -1.9 with new data release of 0.584. This is also a step forward from the previous data of -5.422.

Taking a wider perspective, performance of these other symbols usually suggests a setback for the Canadian Dollar, as USD/MXN dropped -0.5% (104 pips) to 21.0989. USD/ZAR dropped -0.38% (62 pips) to 16.452.

The nearest resistance level is at 1.3575, followed by 1.3749 at the next level, support levels are at 1.2788, and followed by 1.2529 further down.

The market will keep its eye on the following upcoming macroeconomics indicators: Canada's Core Retail Sales projected to outperform last figure with 0.9, while it previously stood at -0.4, figure will be published tomorrow at 12:30 PM. Canada Core Consumer Prices set for tomorrow at 12:30 PM. Canada Retail Sales is projected to outperform the last figure at 1.1, while it previously stood at 0.6, data will be released tomorrow at 12:30 PM.

Oct. 19, 2020

Trend continues: Canadian Dollar down six pips to 1.3188 adding to its three days of loses

(22:09) GMT

This in-between state of the Canadian Dollar is reflected by market data published as Canada Wholesale Sales (MoM) (Aug) matches expectations with new data release of 0.3. This is a step backward from the previous data of 4.3. The United States NAHB Housing Market Index (Oct) fell short of the 83 projections, with 85 and continued its downward trajectory from the previous figure of 83. Data for the United States 3-Month Bill Auction was released today at 3:30 PM and suggests a downwards trend of 0.1, while previous data was 0.105.

Meanwhile, mixed performances are seen elsewhere as USD/MXN is up 0.21% (44 pips) to 21.1886 levels. The Singapore dollar trades with no major change, around 1.3576.

Data to be released later might clear up some of the fog for the Canadian Dollar as United States Building Permits are projected to outperform the last figure at 1.505, while it previously stood at 1.476, data will be released tomorrow at 12:30 PM.