Daily FX Commentary
This report has been deactivated

4

0
Daily FX Commentary
Tue, Oct 21 2008, 12:13 GMT
Investica Ltd
Growth cycle hurts Canadian dollar
The Canadian dollar was unable to hold stronger than the 1.18 level against the US dollar on Monday and there was a renewed decline to 1.1980 in late US trading as the US currency rallied.
The principal short-term focus will be on the Bank of Canada interest rate decision. Markets are expecting a further 0.50% to 2.00% which would tend to keep the currency on the defensive, although the bank may want to be more cautious, especially as there was a 0.50% rate cut earlier this month.
A reduction of less than 0.50% would provide immediate relief for the currency. The Canadian dollar will still be hampered by the underlying deterioration in global growth conditions, especially if there is a further decline in commodity prices.
Published on
Tue, Oct 21 2008, 12:14 GMT
Archive
- Daily FX Commentary
Published On Mon, Apr 20 2009, 13:05 GMT
- Daily FX Commentary
Published On Tue, Apr 14 2009, 14:16 GMT
- Daily FX Commentary
Published On Wed, Apr 8 2009, 13:09 GMT
- Daily FX Commentary
Published On Fri, Apr 3 2009, 11:47 GMT
- Daily FX Commentary
Published On Mon, Mar 30 2009, 15:36 GMT
[ View All ]
Investica Ltd
http://www.investica.co.uk | tim.clayton@investica.co.uk
Legal disclaimer and risk disclosure
Investica's market analysis is not investment advice and must not be taken as recommending particular market positions. Investica can take no responsibility for any actions taken by investors.
Related reports
Daily Analysis - The Dollar gains as the markets tumble and investors seek a safe haven by Finotec Group Inc.
Fri, Jul 3 2009, 11:47 GMT
Daily FX Report - The USD/CAD rose from 1.1496 to 1.1630 at its closing by Varengold Wertpapierhandelsbank AG
Fri, Jul 3 2009, 08:26 GMT
Currency Trading News - US Dollar, Japanese Yen Up Sharply as Disappointing US NFPs Stoke Flight-to-Safety by DailyFX
Fri, Jul 3 2009, 05:58 GMT
Currency Majors Technical Analysis by Mataf.net
Fri, Jul 3 2009, 05:30 GMT
Daily Analysis Article - Daily Currency Outlook by ForexRazor
Thu, Jul 2 2009, 17:31 GMT
boc, usdcad
View All
Related content
Wall Street collapses on Unemployment data; Dollar rises on risk aversion
FXstreet.com | Thu, Jul 2 2009, 13:54 GMT
Forex: USD/CAD jumps to post 1.1574 as intra-day high
FXstreet.com | Thu, Jul 2 2009, 13:13 GMT
Forex: USD/CAD breaks down 1.1575
FXstreet.com | Wed, Jul 1 2009, 09:57 GMT
Canada Afternoon: C$ Ends Down As US Dollar Advances Broadly
Dow Jones | Tue, Jun 30 2009, 19:49 GMT
Forex: USD/CAD tests 1.1540 after April Canadian GDP data
FXstreet.com | Tue, Jun 30 2009, 12:57 GMT
boc, usdcad
View All
FX Path » USD/CAD - Tentative Trendline Break
Wed, Jul 1 2009, 01:53 GMT
Forex Trading Today » The Loonie and Crude find Corrective Sentiment
Tue, Jun 30 2009, 01:36 GMT
FX Path » USD/CAD - Respects Key Downtrend Resistance Line
Fri, Jun 26 2009, 14:17 GMT
Forex Trading Today » Crude looks to Clip Confluence Resistance with The Loonie in Tow
Fri, Jun 26 2009, 02:03 GMT
FX Path » USD/CAD - Approaching Key Downtrend Resistance Line
Wed, Jun 24 2009, 01:44 GMT
boc, usdcad
View All
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Mon, Jul 6 2009, 05:00 GMT
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Tue, Jul 7 2009, 05:00 GMT
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Wed, Jul 8 2009, 05:00 GMT
Asian Session: Live Market Analysis
Dr.S.Sivaraman | Thu, Jul 9 2009, 05:00 GMT
Tracking the forex market together / Part I
Dr.S.Sivaraman | Fri, Jul 17 2009, 08:00 GMT
boc, usdcad
View All
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.