Research

usd/cad Technicals

Thursday, 02 July 2009 14:10:35 GMT

Canadian Dollar Technical Outlook

By Jamie Saettele, Senior Currency Strategist

usd/cad Fundamentals

Friday, 03 July 2009 16:57:52 GMT

Canadian Dollar To Weaken Further As Labor Market Falters

By David Song, Currency Analyst
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

Canadian Dollar (CAD)

 ico-clock Current Time - Toronto: 8:36 PM | EST: 8:36 PM | GMT: 12:36 AM


SENTIMENT AND POSITIONING
SSI Positioning

Full Article
COT Positioning

CAD: The 13 week index remains at 0, which indicates a bearish sentiment extreme.  Sentiment extremes occur near bottoms so expect a bottom and reversal in the USD.


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
CAD Gross Domestic Product (MoM) (APR) -0.3%
CAD Industrial Product Price (MoM) (MAY) -0.6% -0.5%
CAD Raw Materials Price Index (MoM) (MAY) 2.0% -0.3%(R+)


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Technicals - Support and Resistance for CAD
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 1.2221 High 4/29 High Benchmark 0.25
R3 1.2037 High 200-Day SMA
R2 1.1845 Weak 61.8% Fibo 1.2509-1.0781 1 Week 0.237
R1 1.1643 High 50.0% Fibo 1.2509-1.0781 1 Month 0.315
S1 1.1476 Medium 50-Day SMA 3 Month 0.600
S2 1.1419 High 6/24 Low 6 Month 1.100
S3 1.1336 High 20-Day SMA 9 Month 1.300
S4 1.1008 Medium 6/12 Low 1 Year 1.538
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FROM THE CENTRAL BANK
  Central Bank: Bank of Canada
  Current Bias: Neutral
  Current Interest Rate: 0.25%
  Last Change: 06/04/09 no change
  Next Meeting: 07/21/09  More Dates
Latest Bank of Canada Interest Rate Outlook		  
Central Bank Governor: Mark J. Carney

Current Voting Members: Mark J. Carney, W. Paul Jenkins, David Longworth, Pierre Duguay, John Murray