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usd/cad Technicals

Tuesday, 26 August 2008 14:02:59 GMT

Canadian Dollar Technical Outlook

By Jamie Saettele, Senior Currency Strategist

usd/cad Fundamentals

Thursday, 28 August 2008 00:41:03 GMT

A Rebound In Commodity Prices And Data Helps Comm Bloc

By John Kicklighter, Currency Strategist
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

Canadian Dollar (CAD)

 ico-clock Current Time - Toronto: 6:13 AM | EST: 6:13 AM | GMT: 10:13 AM


SENTIMENT AND POSITIONING
SSI Positioning

USD/CAD Ratio: 1.92
Signal: Bearish


Full Article
COT Positioning

CAD:  We wrote last week that “the 52 week index is at 0, indicating potential for a CAD bottom of sorts to form.” 


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
CAD Current Account (Canadian dollar) (BOP) (2Q) 8.0B 5.6B
CAD Gross Domestic Product (MoM) (JUN) 0.2% -0.1%
CAD Quarterly Gross Domestic Product Annualized (2Q) 0.6% -0.3%
CAD Industrial Product Price (MoM) (JUL) 1.0% 1.3%
CAD Raw Materials Price Index (MoM) (JUL) 0.2% 4.4%


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Technicals - Support and Resistance for CAD
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 1.1599 High 4/5/2007 High Benchmark 3.00
R3 1.1210 Medium 76.4% Fibo 1.1879-0.9063
R2 1.1000 Medium Psychological Level 1 Week 3.067
R1 1.0803 High 61.8% Fibo 1.1879-0.9063 1 Month 3.089
S1 1.0426 High 38.2% Fibo Level of 0.9985-1.0688 3 Month 3.350
S2 1.0340 High 50.0% Fibo Level of 0.9985-1.0688 6 Month 3.450
S3 1.0255 High 61.8% Fibo Level of 0.9985-1.0688 9 Month 3.550
S4 1.0106 High 200-Day SMA 1 Year 3.700
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FROM THE CENTRAL BANK
  Central Bank: Bank of Canada
  Current Bias: Dovish
  Current Interest Rate: 3.00%
  Last Change: 04/22/08 cut 50bp
  Next Meeting: 07/15/08  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