canadian dollar gains april 19

Higher Canadian Inflation Does Not Provide Much Support for Canadian Dollar

Rising Canadian inflation is not providing much support for the Canadian dollar on Friday as it remains under modest pressure against the greenback.Although the U.S. dollar is up on the day against the loonie, the cross has struggled to make gains through most of the session. USD/CAD has been unable to hold gains past 1.2150 CAD. Through most of the session the cross has bounced between support at 1.2065 CAD and resistance at 1.2158 CAD. The cross

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Momentum Continues to Support Canadian Dollar

The Canadian dollar continues to be one of the best performers despite broad-based gains by the U.S. dollar and more negative sentiment in financial markets.The risk aversion dominating currency markets is not supporting USD/CAD, as the cross remains under pressure. The Canadian dollar is the second best performer against the U.S. dollar - second only to the British pound - among G10 currencies.The U.S. dollar saw broad gains following higher-than-expected core CPI data. However the rally in

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Equity Rally Driving Canadian Dollar Gains against Greenback

Canadian data is not providing any direction for the Canadian dollar, as a rally in equities is dominating currency moves.A modest rise in global equity markets Tuesday morning is causing a broad selloff in the U.S. dollar, which is helping the loonie retrace some of its losses Monday morning.USD/CAD could see further gains as support at 1.25 CAD appears to be holding. The cross is hovering in the mid-1.25 CAD area ahead of the North American open.

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Canadian Dollar Moves Higher as Equities Make Major Gains

The Canadian dollar is moving higher against the greenback as positive sentiment sweeps all asset classes on Thursday morning.USD/CAD has been on a steady decline through the entire trading session, giving up more than 2 cents on the day. The cross has given up most of its gains since March 30 and is now trading below strong support at 1.24 CAD.Currency strategists will continue to look to equity markets for further direction in USD/CAD. Equities received a

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Morning Market Recap: U.S. Dollar in Focus After Overnight Gains

The U.S. dollar is in the spotlight Friday morning following broad gains made against most major currencies overnight.The U.S. dollar has broken through a six-day range against the euro, sterling and Canadian dollar. According to currency strategists, the selloff was initiated when investors moved out of the euro and into U.S. dollars. The euro is down 0.0225 to 1.3302 against the U.S. dollar. The U.S. dollar is down 0.70 to 98.03 against the yen and the Dollar

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Canadian Dollar Loses More Ground as Equities Tumble

The Canadian dollar is at risk of further losses as U.S. equity futures give up most of their gains from last week.USD/CAD has broken through the key support level of 1.25 CAD and, according to currency strategists, the move could point to further gains heading into the North American trading session. Bad news from the U.S. auto sector is causing a massive rise in negative market sentiment, dragging down equity futures and causing broad-based strength in the

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Canadian Dollar Holds Gains Despite Weaker Equity Markets

The loonie continues to add to its recent gains against the greenback despite weaker equity markets and soft U.S. data.The Canadian dollar is the second best performer against the U.S. dollar Tuesday morning. Of the G10 currencies, only the Japanese yen is outperforming the loonie. Negative market sentiment is having little impact on USD/CAD as it has been, and remains, on a strong downward trend since April 1. The cross continues to trade near the bottom of

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Canadian Dollar Makes Gains against Greenback as Fed Buys Bonds

The Canadian dollar has made major gains against the U.S. dollar since the Fed announced that it will purchase $300 billion in longer-term Treasury bonds.The move in the Canadian dollar reflects the broad U.S. dollar weakness following the FOMC interest rate announcement. USD/CAD broke below a key support level of 1.2570 CAD and could signal further short-term weakness. The cross is trading in the mid-1.24 CAD level.Although the loonie is higher against the U.S. dollar, it is

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Higher Canadian Inflation Does Not Provide Much Support for Canadian Dollar

Rising Canadian inflation is not providing much support for the Canadian dollar on Friday as it remains under modest pressure against the greenback.Although the U.S. dollar is up on the day against the loonie, the cross has struggled to make gains through most of the session. USD/CAD has been unable to hold gains past 1.2150 CAD. Through most of the session the cross has bounced between support at 1.2065 CAD and resistance at 1.2158 CAD. The cross

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Deltastock Daily Fx Analysis

April 28, 2009Current level- 1.4545The pair is in a broad corrective phase, after bottoming at 1.3506. Trading is situated between the 50- and 200-day SMA, currently projected at 1.4422 and 1.5896. As expected, yesterday's dip was limited above 1.4504 and the rebound that followed peaked at 1.4693. We think, that the overall consolidation pattern above 1.4397 is not over yet and there is a chance for one more upward attempt in the 1.4772-4812 zone before renewal of the

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