1.390
Today
+0.34%
5 Days
+0.81%
1 Month
-1.58%
6 Months
+1.89%
Year to Date
+1.28%
1 Year
+0.80%
Opening Price
1.385Previous Closing Price
1.385Canada produced the strongest growth figure of the cycle and the Canadian Dollar is weaker for it.
Royal Bank of Canada (RBC) strategists analyze escalating trade tensions between Canada and the United States (US) and their impact on both economies.
Canada’s Gross Domestic Product (GDP) expands by 0.8% QoQ in the second quarter, according to data released by Statistics Canada on Friday. The economy accelerated significantly from the 0.1% growth recorded in the first quarter, which was revised higher from an initial estimate of 0%.
USD/CAD trades around 1.3845 on Friday, edging 0.07% lower on the day, as investors refrain from taking large positions ahead of the highly anticipated speech by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium.
Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/CAD is trading just above its 200‑day moving average near 1.3840 as Canada’s Q2 GDP is expected to rebound strongly, with real GDP seen rising 3.4% SAAR versus a slight Q1 contraction.
The USD/CAD pair trades on a flat note around 1.3850 during the early European trading hours on Friday. Traders prefer to wait on the sidelines ahead of Federal Reserve (Fed) Chair Kevin Warsh's speech at the Jackson Hole symposium later on Friday for clues on his policy outlook.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The upside prevails as long as 1.3863 is support, with 1.3925 and 1.3939 as targets
below 1.3863, expect 1.3840 and 1.3826.
The upside prevails as long as 1.3863 is support, with 1.3925 and 1.3939 as targets
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