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Blog, page 2

05.09.2023
The Canadian economy may fall into a technical recession

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3600-1.3700

Euro                 1.4600-1.4700

Sterling            1.7100-1.7200

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01.09.2023
The Loonie gained some strength from the oil price overnight’s rise

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3450-1.3550

Euro                 1.4600-1.4700

Sterling            1.7100-1.7200

Comments (0)
31.08.2023
The U.S. economy expanded at an annual rate of 2.1% during the second quarter, which is below the market expectations of 2.4%

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3500-1.3600

Euro                 1.4700-1.4800

Sterling            1.7125-1.7225

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30.08.2023
U.S. job openings dropped to the lowest level in 2,5 years which provoked investors to sell off the dollars

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3500-1.3600

Euro                 1.4700-1.4800

Sterling            1.7100-1.7200

Comments (0)
28.08.2023
According to Powell's speech, the US dollar index has declined, reinforcing concerns about inflation and the necessity of rate rises

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar    1.3550-1.3560

Euro           1.4650-1.4750

Sterling       1.7100-1.720

Comments (0)
25.08.2023
Jerome Powell made clear that the Fed is not in a rush to raise the rate, but the fight against inflation isn’t over

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3525-1.3625

Euro                 1.4650-1.4750

Sterling            1.7100-1.7200

Comments (0)
22.08.2023
Currency traders took a pause and await FED’s word on interest rate policy

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3450-1.3550

Euro                 1.4700-1.4800

Sterling            1.7200-1.7300

Comments (0)
21.08.2023
The Loonie took an advantage today of the Greenback weakness and jump in the oil price

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3450-1.3550

Euro                 1.4700-1.4800

Sterling            1.7200-1.7300

Comments (0)
16.08.2023
It is supposed that the Greenback will take advantage if stocks continue to decrease

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3350-1.3450

Euro                 1.4700-1.4800

Sterling            1.7150-1.7250

Comments (0)
10.08.2023
There are some concerns that the rise in energy price force the inflation index to go higher

Today's expected range for the Canadian Dollar against the major currencies:

US Dollar         1.3350-1.3450

Euro                 1.4700-1.4800

Sterling            1.7050-1.7150

Comments (0)