Canadian Dollar forecast page 6 - cad canadian dollar cad dollar

The QE3 equities boost appears to have run out of steam this afternoon. Thursday evening’s announcement by the FOMC saw world shares well-supported as we headed towards the weekend, however the Fed’s stimulus package wasn’t able to mask fears from institutional investors regarding various global situations for long. One potential...

The POUND STERLING has enjoyed a decent session so far today, making gains against virtually all of the other majors. With the UK economic data schedule once again blank, the move was technical rather than fundamental in nature. Sterling was looking oversold across the board earlier in the week and is now drifting back upwards towards fair...

Price action for the US DOLLAR has dominated the thoughts of currency market participants during this afternoon’s session, thanks to the release of the latest edition of the closely-watched Michigan Sentiment survey, which bettered analysts’ expectations. Usually this would be a negative event for the Buck due to its effect on global...

A tension exists in the eurozone and it is hurting the region’s currency. Yesterday’s session provided further evidence of this, with the euro leaking support against virtually all of the other majors. Investors are fully aware of the fact that several eurozone states are facing up to their own individual debt crises; this much has been...

The EURO has taken a pasting in the currency markets today, taking the GBP EUR exchange rate back towards the mid-1.27s once more. The single currency came under selling pressure following ECB President Mario Draghi comments in his press conference this afternoon. Draghi announced no specific measures to lower Spain and Italy’s borrowing...

Global stocks have endured a day of losses following negative comments from German policymakers which suggested that the Teutonic giant would oppose further bond purchases by the ECB. This has caused some safe haven support for the US DOLLAR, however this afternoon’s stronger-than-anticipated US Consumer Confidence survey could spell...

Investor sentiment remained buoyant during the overnight session, as Asian share indices followed the lead set by their European and North American counterparts and traded into positive territory. Improved appetite for risk has provided a fair wind for the risk-sensitive Australian Dollar, sending the GBP AUD exchange rate down to close to...

Global stocks have opened up higher this morning, following last Friday’s positive session. London’s FTSE 100 is trading half a per cent higher than Friday’s close in early trading, whilst European bourses have opened up with similar gains. Equities markets have been reassured by the words of Europe’s policy-makers at the end of...

The worsening Euro Crisis has seen the Canadian Dollar slump to its lowest level in 11 days against its U.S relation. Concerns are rising that the Spanish government is getting close to announcing a request for more financial aid from the EU. Many traders believe that any further bailouts will be part of a sovereign bailout deal, much like...

The Australian Dollar, New Zealand Dollar and the Canadian Dollar have all struck record highs against the embattled Euro. It also hit multi-month lows against the Japanese Yen, the Norwegian and Swedish crowns as well as a three and a half year low against the British Pound. The slumps come as investors grow increasingly concerned over...