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Research
usd/cad Technicals
Friday, 09 May 2008 14:23:34 GMT
By Jamie Saettele, Technical Currency Analyst
usd/cad Fundamentals
Thursday, 08 May 2008 23:04:29 GMT
By Terri Belkas, Currency Analyst
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Canadian Dollar (CAD)
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 Current Time -
Toronto: 5:09 PM
| EST: 5:09 PM
| GMT: 9:09 PM
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| SENTIMENT AND POSITIONING |
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SSI Positioning
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COT Positioning
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| FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES |
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Most Recent Economic Releases |
Forecast |
Previous |
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CAD Building Permits (MoM) (MAR) |
1.2% |
0.8% (R+) |
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CAD Ivey Purchasing Managers Index (APR) |
54.0 |
59.0 |
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CAD Housing Starts (APR) |
225.0K |
254.7K |
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CAD Unemployment Rate (APR) |
6.0% |
6.0% |
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CAD Net Change in Employment (APR) |
12.5K |
14.6K |
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CAD International Merchandise Trade (MAR) |
C$4.5 |
C$4.8(R-) |
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Technicals - Support and Resistance for CAD |
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Support and Resistance Levels |
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Interest Rate Outlook |
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Key Levels |
Strength |
Comments |
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Timeframe |
Target |
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R4 |
1.0865 |
High |
8/16 Daily High |
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Benchmark |
3.00 |
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R3 |
1.0600 |
Weak |
Psychological Resistance |
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R2 |
1.0429 |
High |
76.4% Fibo 1.0857-0.9066 |
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1 Week |
3.120 |
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R1 |
1.0247 |
Medium |
Bollinger Band Resistance |
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1 Month |
3.230 |
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S1 |
1.0019 |
Medium |
Bollinger Band Support |
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3 Month |
3.412 |
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S2 |
0.9875 |
High |
38.2% Fibo 0.9055-1.0376 |
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6 Month |
3.440 |
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S3 |
0.9718 |
High |
50.0% Fibo 0.9055-1.0376 |
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9 Month |
3.492 |
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S4 |
0.9561 |
High |
61.8% Fibo 0.9055-1.0376 |
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1 Year |
3.545 |
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| FROM THE CENTRAL BANK |
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Central Bank: |
Bank of Canada |
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Current Bias: |
Dovish |
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Current Interest Rate: |
3.00% |
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Last Change: |
04/22/08 cut 50bp |
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Next Meeting: |
06/10/08 More Dates |
Latest Bank of Canada Interest Rate Outlook |
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Central Bank Governor: Mark J. Carney
Current Voting Members: Mark J. Carney, W. Paul Jenkins, Sheryl Kennedy, Pierre Duguay, David Longworth |
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