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usd/cad Technicals

Wednesday, 03 December 2008 14:07:42 GMT

Canadian Dollar Technical Outlook

By Jamie Saettele, Senior Currency Strategist

usd/cad Fundamentals

Friday, 28 November 2008 23:22:59 GMT

Canadian Dollar May Fall As Labor Market Weakens

By John Rivera, Currency Analyst
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

Canadian Dollar (CAD)

 ico-clock Current Time - Toronto: 5:41 AM | EST: 5:41 AM | GMT: 10:41 AM


SENTIMENT AND POSITIONING
SSI Positioning

USD/CAD Ratio: 1.87
Trading Forecast: Bearish


Full Article
COT Positioning

CAD:  CAD positoning is neutral.  The Composite COT is near 0.  There is nothing worth noting.

                      

Implications: neutral


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
CAD Quarterly Gross Domestic Product Annualized (3Q) 1.1% 0.6% (R+)
CAD Gross Domestic Product (MoM) (SEP) 0.2% -0.5% (R-)
CAD Building Permits (MoM) (OCT) -5.0% 13.4%
CAD Ivey Purchasing Managers Index (NOV) 50.5 52.2
CAD Unemployment Rate (NOV) 6.4% 6.2%
CAD Net Change in Employment (NOV) -15.0K 9.5K


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Technicals - Support and Resistance for CAD
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 1.3348 Medium 8/2004 High Benchmark 2.25
R3 1.3020 High 10/28 High
R2 1.2887 Medium Bollinger Band Resistance 1 Week 2.492
R1 1.2500 Weak Psychological Resistance 1 Month 2.500
S1 1.2239 High 20-Day SMA 3 Month 2.538
S2 1.2000 Medium Psychological Support 6 Month 2.662
S3 1.1891 Weak 11/11 Low 9 Month 2.800
S4 1.1809 High 50-Day SMA 1 Year 2.932
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FROM THE CENTRAL BANK
  Central Bank: Bank of Canada
  Current Bias: Dovish
  Current Interest Rate: 2.25%
  Last Change: 10/21/08 cut 25bp
  Next Meeting: 12/09/08  More Dates
Latest Bank of Canada Interest Rate Outlook		  
Central Bank Governor: Mark J. Carney

Current Voting Members: Mark J. Carney, W. Paul Jenkins, Sheryl Kennedy, Pierre Duguay, David Longworth