- VIDEO – Targets for GBP, USDJPY and EURO - October 5, 2016
- RBA Meeting Preview - October 3, 2016
- How to Trade the Dollar into the Presidential Debate - September 26, 2016
- Here’s How to Trade the Sept ECB Rate Decision - September 7, 2016
- Bank of Canada September Preview - September 6, 2016
- Will August Payrolls Disappoint the Dollar? - September 1, 2016
- Where is the Dollar Headed this Week? - August 29, 2016
- Will Aug NFPs Help or Hurt USD/JPY? - August 4, 2016
- BoE Preview – Rate Cut AND QE? - August 3, 2016
- RBA Rate Cut – Not a Done Deal - August 1, 2016
I am in Chicago for the day so I won’t be blogging much.
As promised, the break of 1.30 was fierce with USD/CAD racing to a high of 1.30669. A number of stops were sitting at or above the 1.30 level, so when that price point was reached, the currency pair ran quickly higher. On an intraday basis, the Canadian dollar has fallen to the lowest level against the US dollar since 2004.
There is alot to be worried about when it comes to the Canadian economy. Employment numbers are due on Friday and I think they will be weak.