Posts Tagged ‘outlook for canada dollar’

Loonie Likely Heading Back to Earth

By Mario Maselli • Sep 8th, 2010 • Category: Broker Commentary, Market Updates

by Mario Maselli The Canadian dollar has seen a nice rally since about 2002, and hit parity with the U.S. dollar in April of this year. I’m a long-term bull on the Canadian dollar, but I believe that once the dust settles from the Bank of Canada’s decision to increase its key lending rate, the [...]



Currency Markets Weekly: Risk Off

By Gord Weisemann • Aug 20th, 2010 • Category: Broker Commentary, Market Updates

by Gord Weisemann Risk is off again in the markets, but the calendar of economic releases, at least out of the U.S. is a little light until the end of the week. The U.S. second-quarter gross domestic product reading comes out on Friday, August 27. I’ve already gone on record saying I expect a noticeable [...]



Currency Market Weekly: Stress Tests Behind

By Gord Weisemann • Jul 23rd, 2010 • Category: Broker Commentary, Educational, MF Global in the News, Market Updates

by Gord Weisemann The past week has been a risk-on, risk-off, back-and-forth environment. Technically the pro-risk side traders are gaining a little of the upper hand as equity markets have pressed above some trendline resistance. As I write this, the European bank stress test results are being released and the initial outcome looks as though [...]



Thoughts on U.S. Jobs Report and Currencies

By Kristina Zurla Landgraf • Mar 5th, 2010 • Category: Broker Commentary, Market Updates

by Gord Wiesemann The equity markets certainly took the February U.S. employment report as a green light to buy, as the unemployment rate held steady at 9.7 percent and non-farm payrolls were a bit better than expected, falling 36,000.  However, if commodity prices start getting ahead of themselves, the Federal Reserve is going to find [...]



Canadian Monetary Policy and the Dollar

By Kristina Zurla Landgraf • Mar 3rd, 2010 • Category: Broker Commentary, Educational, MF Global in the News, Market Updates, Trader Viewpoints, Webinars

by Drew Shaw At its March 2 policy meeting, the Bank of Canada (BOC) maintained its benchmark short-term interest rate at an all-time low of 0.25 percent. It’s been at this level since April 2009, and is not expected to change until the end of the second quarter of this year. The BOC said that [...]



Has the Canadian Dollar Topped?

By Kristina Zurla Landgraf • Oct 28th, 2009 • Category: Broker Commentary, Market Updates

Has the Canadian Dollar Topped? by Andrew Vallance The Canadian dollar has been outperforming the U.S. dollar for a variety of reasons, and overall it’s hard not to be bullish the CAD. However, there are technical signs it hit a near-term top in mid-October that could hold for a while. This should offer shorter-term traders [...]