USD/CAD Open: 1.1075-1.1078 Overnight Range: 1.1074-1.1099
The Canadian dollar was rangebound in overnight currency exchange markets. Oil is at $91.33 and gold is at $1,234. US futures are lower. Today, the US releases retail sales data.
The short term Canadian dollar technicals are neutral. For today, USD resistance is at 1.1100. Support is at 1.0850.
Chinese factory data was weak overnight reinforcing some global growth concerns. All eyes are on the FED this week to determine if there is any indication of rate hike plans. The FED, this week, could cite the strengthening US economy as a pillar for a rate hike next year or cite global growth concerns as a pillar for staying the course with low rates. The US dollar has been able to maintain its recent strength and stay above the 1.10 USD/CAD level.
Today’s Suggested Range USD/CAD: 1.0999 – 1.1099
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.
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.
