2/11/ · Spot USD/CAD is now trading slightly below the level – a major zone of technical resistance – that has potential to send the major currency pair ricocheting lower as it has blogger.com: Rich Dvorak 8/3/ · As with all currencies, the value of the CAD is impacted by the release of economic data such as GDP, retail sales information, data regarding industrial production and trade balances, and rates of inflation. Any relevant political or environmental news will CFDs and Spreadbets are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of Retail investor accounts lose money when trading CFDs and Spreadbets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
USDCAD Forecast, News and Analysis - FXStreet
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See our updated Privacy Policy here. Note: Low and High figures are for the trading day. Confluent resistance around the 1. Other major technical trade levels for the Canadian Dollar can be derived using implied volatility calculated from forex options contracts. Meanwhile, spot prices might hold technical support of 1. A risk reversal reading above zero indicates that the demand for call option volatility upside protection exceeds that of put option volatility downside protection.
Nevertheless, downside risks faced by the Loonie remain. Uncertainty surrounding the ratification of the USMCA trade deal by Canadian Parliament still lingers despite formal legislative approval from the US and Mexico already. Moreover, the adverse impact from a plunge in oil prices may start weighing on key inflation indicators tracked by the Bank of Canada. If weakness in oil is sustained — perhaps due to ongoing coronavirus concerns — it could serve as a significant headwind to the Canadian economy and entice the BOC to capitulate to dovish market expectations as several other central banks did last year.
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Practical Considerations of the effects of HFT on price_Toronto Forex Meetup
, time: 1:03:56The Canadian Dollar: What Every Forex Trader Needs To Know
If a steady demand in exchange for CAD exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CAD. Inflation is another economic value 2/11/ · Spot USD/CAD is now trading slightly below the level – a major zone of technical resistance – that has potential to send the major currency pair ricocheting lower as it has blogger.com: Rich Dvorak CFDs and Spreadbets are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of Retail investor accounts lose money when trading CFDs and Spreadbets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
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