USD/CAD Open: 1.0523-1.0525 Overnight Range: 1.0520-1.0541
The Canadian dollar was rangebound in overnight currency exchange markets. Oil is at $107.86 and gold is at $1,395. NY futures are positive today. Today, the US releases consumer spending, Chicago PMI, and consumer sentiment data and Canada releases GDP data.
The short term Canadian dollar technicals are bearish. For today, USD resistance is at 1.0580 and 1.0850. Support is at 1.0470, 1.0250, and 1.0150.
The UK parliament voted against military action in Syria which has eased global tensions but the US has vowed to move ahead. The focus will also be on economic data that is to be released and if Canadian GDP can surprise to the upside, the Canadian dollar will benefit. The safe haven of the US dollar remains on the minds of many as we head in to a long weekend.
Today’s Suggested Range USD/CAD: 1.0475 – 1.0575
Don't Waste Money With Banks.
Get Exchange Rates Up to 2% Better With KnightsbridgeFX
Rahim Madhavji | Knightsbridge Foreign Exchange
T: 416-274-9332 | T: 1-877-355-KBFX (5239) ext. 101 | Trading Floor: 416-479-0834 |
100 King Street West, First Canadian Place | Suite 5700 | Toronto | Ontario | M5X 1C7
www.knightsbridgefx.com
To unsubscribe from receiving this update, please reply with “unsubscribe” in the subject line. Knightsbridge Foreign Exchange has based the opinions expressed herein on information generally available to the public. Knightsbridge Foreign Exchange makes no warranty concerning the accuracy of this information and specifically disclaims any liability for trading decisions based on the opinions expressed and information contained herein. Such information and opinions are for general information only and are not intended to present advice with respect to matters reviewed and commented upon.
FX Morning Update August 30, 2013
USD/CAD Open: 1.0523-1.0525 Overnight Range: 1.0520-1.0541
The Canadian dollar was rangebound in overnight currency exchange markets. Oil is at $107.86 and gold is at $1,395. NY futures are positive today. Today, the US releases consumer spending, Chicago PMI, and consumer sentiment data and Canada releases GDP data.
The short term Canadian dollar technicals are bearish. For today, USD resistance is at 1.0580 and 1.0850. Support is at 1.0470, 1.0250, and 1.0150.
The UK parliament voted against military action in Syria which has eased global tensions but the US has vowed to move ahead. The focus will also be on economic data that is to be released and if Canadian GDP can surprise to the upside, the Canadian dollar will benefit. The safe haven of the US dollar remains on the minds of many as we head in to a long weekend.
Today’s Suggested Range USD/CAD: 1.0475 – 1.0575
Rahim Madhavji | Knightsbridge Foreign Exchange
T: 416-274-9332 | T: 1-877-355-KBFX (5239) ext. 101 | Trading Floor: 416-479-0834 |
100 King Street West, First Canadian Place | Suite 5700 | Toronto | Ontario | M5X 1C7
www.knightsbridgefx.com
Knightsbridge Foreign Exchange has based the opinions expressed herein on information generally available to the public. Knightsbridge Foreign Exchange makes no warranty concerning the accuracy of this information and specifically disclaims any liability for trading decisions based on the opinions expressed and information contained herein. Such information and opinions are for general information only and are not intended to present advice with respect to matters reviewed and commented upon.
We are built to beat bank exchange rates and save you money
KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788. Like most financial institutions, we are required to validate the identity of all clients. We have strict measures in place to protect your privacy.
Our Offices
Main office (Appointment only)
First Canadian Place
100 King Street West
Suite 5700 Toronto, ON,
M5X 1C7
(416) 479-0834
Toll-Free: 1-877-355-5239
Fax: 1-877-355-5239
All rights reserved. Knightsbridge Foreign Exchange
Currency Exchange Canada.
