Canadian Dollar forecast - cad canadian dollar cad dollar

The POUND STERLING ended last week’s session on a steady footing. A light week for UK data releases this week ensures that tomorrow afternoon’s NIESR quarterly GDP growth estimate for the three months to the end of May takes on added significance. Investors holding Sterling-denominated assets will be looking for a figure of close to or...

Market participants’ focus this afternoon was on this month’s edition of the US Non-Farm Payroll data, but in the end it was another North American data release which stole the show. This afternoon brought the publication of May’s Canadian Unemployment data. Market participants had relatively low expectations for the print, with the...

‘Sell in May and go away, buy again on St. Ledger Day’ – so goes the tried and tested adage from the equities market. As we enter the final week of May, this time-worn saying has rarely seemed more prescient. Last Thursday’s session saw Tokyo’s Nikkei 225, considered by many analysts to be Asia’s premier share index, give up over...

It’s been a firmly ‘risk-off’ trading environment so far today in the global currency markets as investors steer clear of currencies with a high correlation to stocks. The big loser on the day so far has been the Canadian Dollar, causing the Pound to Canadian Dollar exchange rate (currency : GBP CAD) to accumulate by almost half of a...

A press release from leading credit ratings agency Moody’s Investor Services, released during Friday’s session, spelled good news for Turkey and for the Turkish Lira. Moody’s announced that they had upgraded their credit rating of the Mediterranean nation’s sovereign debt to Baa3. The move means that Turkish bonds are now considered...

The fortunes of the US Dollar and conditions in America’s vast labour market have been intertwined since the Federal Reserve stated last month that it would not be calling a halt to its controversial Quantitative Easing programme until the jobs situation in the States had improved considerably. This set up means that any employment data in...

The US Dollar was star performer in the currency markets yesterday afternoon following the release of a strong set of domestic labour market data. Official US government figures revealed that the number of Initial Jobless Claims had fallen to its lowest level since late in late 2007 last week. The print of 323,000 new claimants bettered...

Pound Sterling The Pound is little changed against the US Dollar as economists wait for the release of data that is expected to show that UK services industries expanded for a fourth-month in a row in April. US Dollar The ‘Greenback’ halted its biggest advance against the Euro in two-weeks ahead of economic data that is expected...

Pound Sterling The Pound is within 0.4% of an eleven-week high against the US Dollar ahead of the release of a report that is expected to show that UK construction fell at a slower pace than in April. Against the Euro, Sterling was little changed as the market awaits the European Central Bank’s decision on interest rates. The...

The Canadian Dollar has hit a two-week high against its US relation after Canadian economic growth beat economist expectations. The ‘Loonie’ has risen by 0.3% against the US Dollar after Statistics Canada reported that the nation’s Gross Domestic Product grew by 0.3% by a month by month basis. A figure that was better than the 0.2%...