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Blog, page 54

08.09.2023
The US Dollar index is almost at a six-month high despite a terrible EU GDP report, whilst the Canadian Dollar is anticipated to drop due to job losses.

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar          1.3550-1.3650

Euro                 1.4600-1.4700

Sterling            1.7000-1.7100

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07.09.2023
The Pound dropped over 120 points after the Bank of England's announcement about stopping of interest rate-raising policy

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3600-1.3700

Euro                 1.4600-1.4700

Sterling            1.7000-1.7100

Comments (0)
06.09.2023
Bank of Canada holds key rate at 5% but leaves door open for future hikes

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3600-1.3700

Euro                 1.4600-1.4700

Sterling            1.7100-1.7200

Comments (0)
05.09.2023
The Canadian economy may fall into a technical recession

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3600-1.3700

Euro                 1.4600-1.4700

Sterling            1.7100-1.7200

Comments (0)
01.09.2023
The Loonie gained some strength from the oil price overnight’s rise

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3450-1.3550

Euro                 1.4600-1.4700

Sterling            1.7100-1.7200

Comments (0)
31.08.2023
The U.S. economy expanded at an annual rate of 2.1% during the second quarter, which is below the market expectations of 2.4%

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3500-1.3600

Euro                 1.4700-1.4800

Sterling            1.7125-1.7225

Comments (0)
30.08.2023
U.S. job openings dropped to the lowest level in 2,5 years which provoked investors to sell off the dollars

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3500-1.3600

Euro                 1.4700-1.4800

Sterling            1.7100-1.7200

Comments (0)
28.08.2023
According to Powell's speech, the US dollar index has declined, reinforcing concerns about inflation and the necessity of rate rises

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar    1.3550-1.3560

Euro           1.4650-1.4750

Sterling       1.7100-1.720

Comments (0)
25.08.2023
Jerome Powell made clear that the Fed is not in a rush to raise the rate, but the fight against inflation isn’t over

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3525-1.3625

Euro                 1.4650-1.4750

Sterling            1.7100-1.7200

Comments (0)
22.08.2023
Currency traders took a pause and await FED’s word on interest rate policy

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3450-1.3550

Euro                 1.4700-1.4800

Sterling            1.7200-1.7300

Comments (0)