is the canadian dollar expected to get be stronger

US Markets up on better then expected earnings; Dollar stronger

FXstreet.com (Barcelona) ? U.S. stock markets are going through gains on Thursday as companies report better tan expected earning results in the first quarter. The Dollar has strengthened against Euro, Yen and Pound.Dow Jones Industrials Index trades 1.11% up while the Nasdaq Index adds 1.72% and S&P Index trades 1.18% above its opening level.On the macroeconomic front, Jobless claims have dropped unexpectedly by 14K to 631K, while labour costs posted the smallest increase on record. Furthermore personal income declined 0.32%

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Stronger Canadian Retail Sales Unable to Support Canadian Dollar

The Canadian dollar has shrugged off stronger-than-expected retail sales and continues to lose ground against the U.S. dollar ahead of the North American trading session on Friday.Due to a Japanese government holiday, trading in the Asian session was relatively quiet for USD/CAD, which has traded in a fairly tight range. However, volatility picked up in the European session where the cross hit a session low at 1.2293 CAD. The U.S. dollar was quick to recover its losses,

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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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Wall Street advances on better than expected retailers reports, EUR fuelled by ECB

FXstreet.com (Barcelona) - US market has opened higher after the better than expected retailers reports as WallMart says its US yearly sales rose 5.0% in April, well above 3.0% expected by market. EUR is climbing up on ECB buying bonds plan and Trichet words, Risk appetite seems to be back.Dow Jones advances 0.25% to 8,530, S&P 500 is rising 0.49% to the 922.54 level. On the other hand, Nasdaq is losing 0.55% after open higher.EUR/USD has reached its monthly high

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Euro and Pound rise on better than expected ADP Employment report

FXstreet.com (Barcelona) ? ADP expects a private employment loss of about 491,000 in the U.S. April, a number somewhat lower than the 650,000 decline expected, which could point out to a slowdown on the unemployment growing pace we have been seen in the last months.EUR/USD has been favoured by the ADP report and the pair has jumped from levels around 1.3280 to a new intra-day high at 1.3360 right after ADP data was released.GBP/USD has jumped from levels right above

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US Markets up on better then expected earnings; Dollar stronger

FXstreet.com (Barcelona) ? U.S. stock markets are going through gains on Thursday as companies report better tan expected earning results in the first quarter. The Dollar has strengthened against Euro, Yen and Pound.Dow Jones Industrials Index trades 1.11% up while the Nasdaq Index adds 1.72% and S&P Index trades 1.18% above its opening level.On the macroeconomic front, Jobless claims have dropped unexpectedly by 14K to 631K, while labour costs posted the smallest increase on record. Furthermore personal income declined 0.32%

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Yen Modestly Higher After Slow Day for Data and News

The Japanese yen is modestly higher on Wednesday on the backdrop of a quiet day in terms of economic data or events.Japanese equities followed a decline in U.S. markets on Tuesday, after a weaker-than-expected retail sales report. The Japanese Nikkei closed down 100 points to 8743 and the Hang Seng Index up 89 points to 15670. Record declines in Japanese industrial production for February were largely unrevised on Wednesday according to the Ministry of the Economy, Trade

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Canadian Dollar Weakens as Negative Sentiment Drags Down Equity Markets

Weaker North American equity markets are taking their toll on the Canadian dollar as it loses ground against the greenback on Friday.Moves in the USD/CAD were once again relatively quiet during the Asian session when the cross hit session lows at 1.2266 CAD. The European session was slightly more active, when investors came in and bought U.S. dollars across the board. The momentum buying pushed USD/CAD to session highs of 1.2411 CAD. The U.S. dollar has managed

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Mid-Morning Market Recap: USD Moves Higher with North American Markets Closed

(CEP News) - Low volume and weaker equities are helping to boost the U.S. dollar, making it one of the top performers on Monday.U.S. markets are closed in recognition of the Presidents' Day holiday. U.S. equity futures at the CME will close alongside European markets at 11:30 a.m. EST.U.S. equity market futures are lower, with contracts on the Dow Jones Industrial Average down 52 points to 7727, the S&P 500 down 7 points to 813 and the Nasdaq down 14

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Canadian Dollar Under Pressure as U.S. Equities Trade Lower

The Canadian dollar remains weak following another wave of selling pressure, which is keeping USD/CAD near the top of it trading range.USD/CAD remains well supported as risk aversion moves hurt equity markets and supports broad U.S. dollar gains. USD/CAD is trading just below 1.2900 CAD. So far, the cross has been unable to touch the 1.3000 CAD level, which is the ultimate target for currency strategists.The Canadian dollar received some modest support following a better than expect

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