How the Canadian Loonie is Relating to Other Currencies as at August 12 (updated) - forex trading account with debit card

How the Canadian Loonie is Relating to Other Currencies as at August 12 (updated) ~ forex trading account with debit card

One day after the first Yuan devaluation, how is the loonie’s health?

I have several charts below of different currency pairs.

You can see that nothing too damaging happened with the devaluation of the Yuan, the loonie has remained at similar price levels, it is , in fact, gaining in value at this time.

Here is some very recent commentary:


USD/CAD Technical Analysis: Digesting Losses Near 1.30 - DailyFX
http://news.google.com Wed, 12 Aug 2015 09:14:00 GMT
DailyFXUSD/CAD Technical Analysis: Digesting Losses Near 1.30DailyFXThe US Dollar is digesting losses after breaking two-month rising trend support against its Canadian counterpart. A daily close below the 23.6% Fibonacci retracementat 1.2956 exposes ...

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USD/CAD Fundamental Analysis – August 13, 2015 – Forecast - FX Empire
http://news.google.com Wed, 12 Aug 2015 13:03:00 GMT
FX EmpireUSD/CAD Fundamental Analysis – August 13, 2015 – ForecastFX EmpireThe USD/CAD dipped 94 points as gold and oil rebounded supporting the Loonie. The US dollar tumbled today to trade at 96.47 falling 76 points as the Chinese currency situation ...

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Trade Idea: USD/CAD - Stand aside - Action Forex
http://news.google.com Wed, 12 Aug 2015 14:03:36 GMT
Trade Idea: USD/CAD - Stand asideAction ForexDespite intra-day initial bounce to 1.3158, as the greenback has slipped again, suggesting further consolidation below last weeks high of 1.3213 would be seen in some kind of a wave iv correction and belo ...

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USD/CAD Daily Outlook - Action Forex
http://news.google.com Wed, 12 Aug 2015 07:17:00 GMT
USD/CAD Daily OutlookAction ForexIntraday bias in USD/CAD remains neutral for consolidation below 1.3213. Further rise is still expected as long as 1.2859 support holds. Above 1.3213 will target next projection level at 1.3287. Meanwhile, break of 1. ...

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USD/CAD: Digesting Losses Near 1.30 - Investing.com
http://news.google.com Wed, 12 Aug 2015 12:22:51 GMT
USD/CAD: Digesting Losses Near 1.30Investing.comThe US dollar is digesting losses after breaking two-month rising trend support against its Canadian counterpart. A daily close below the 23.6% Fibonacci retracementat 1.2956 exposes the 38.2% level at ...

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USDCAD break wedge to the downside - TradingFloor.com
http://news.google.com Wed, 12 Aug 2015 08:48:28 GMT
USDCAD break wedge to the downsideTradingFloor.comUSDCAD – The monthly chart highlights the commodity pair stalling close to a pivotal zone seen from the highs in 2008-2009 and consolidation in 2003-2004. A full AB=CD formation is not seen until 1. ...

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Canadian Dollar Update As At January 3 (updated) - forex trading academy leeds

Canadian Dollar Update As At January 3 (updated) ~ forex trading academy leeds

Of course the Canadian Dollar is feeling the effects of a failing economy based on someone’s dream about becoming a petrostate.

One interesting thing about petrostates is that in most of them poverty abounds.

Another interesting thing is that most petrostates are dictatorships.

And Canada was headed that way until the recent election that saw the fanatics removed from power.
Canada has a long way to go to recover from ten years of mismanagement, the current oil price has damaged all of Canada.

Here are some recent articles offering various opinions as to the future of the loonie:


CAD to USD: Why Hedge Funds See More Downside for Canadian Dollar - Profit Confidential
Sat, 02 Jan 2016 12:02:44 GMT
Profit ConfidentialCAD to USD: Why Hedge Funds See More Downside for Canadian DollarProfit ConfidentialCanadian newspaper The Globe & Mail reported this week that hedge funds are shorting the Canadian dollar. According to data released by the Commodi ...

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Falling oil prices and stalled economy make 2015 a year to forget - CBC.ca
Thu, 31 Dec 2015 15:25:21 GMT
CBC.caFalling oil prices and stalled economy make 2015 a year to forgetCBC.caBut thats cold comfort for investors who remember oil prices above $100 US a barrel less than 18 months ago. Oils slide has been devastating news for the Canadian dollar, ...
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CAD to USD: Could the Canadian Dollar Slide Another 19.0%? - Profit Confidential
Thu, 31 Dec 2015 12:01:50 GMT
Profit ConfidentialCAD to USD: Could the Canadian Dollar Slide Another 19.0%?Profit ConfidentialMarkets absolutely decimated the Canadian dollar in 2015, when low energy prices weighed on Canadas economy, dragging it into a recession. Now, as we app ...

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Price of oil loses another 3%, dragging Canadian dollar back below 72 cents US - CBC.ca
Mon, 28 Dec 2015 16:31:54 GMT
CBC.caPrice of oil loses another 3%, dragging Canadian dollar back below 72 cents USCBC.caThe benchmark price of North Americas main oil blend lost more than three per cent to change hands below $37 US a barrel on Monday, dragging the Canadian dolla ...

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A Nice Way To Profit From The Decline In The Canadian Dollar - Benzinga
Thu, 31 Dec 2015 13:34:00 GMT
BenzingaA Nice Way To Profit From The Decline In The Canadian DollarBenzingaAfter peeking in late 2007, the Canadian Dollar lost more than 25 percent in less than a year-and-a-half. However, the currency managed to recuperate, and its price remained ...

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Canadian dollar could sink as low as 68 cents as bond with oil grows to world ... - Financial Post
Thu, 24 Dec 2015 15:54:10 GMT
Financial PostCanadian dollar could sink as low as 68 cents as bond with oil grows to world ...Financial PostThe correlation between the Canadian dollar and the benchmark West Texas Intermediate oil price is about 0.56, meaning the two have a strong ...

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Canadian Dollar Update As At January 23 (updated) - forex trading courses usa

Canadian Dollar Update As At January 23 (updated) ~ forex trading courses usa

What Is Happening With The Canadian Dollar?

Background.

The Canadian Dollar has had a nice bounce up in the past couple days and for sure people want that to continue.

Prices for food are skyrocketing and there is little relief in sight as most produce and vegetables are imported at this time of year.

The Loonie has been buoyed by a rise in the price of oil and a bit of weakness in the US Dollar.

Currency wars have been active quietly for many months. As China attempts to rescue its economy and increase production, there have been manipulations of the Yuan.

In addition many other countries are attempting to use interest rates as a tool to stimulate their economies.

Resources world wide are suffering from lack of deman as the worldwide economic slowdown persists.

Some interesting things have been developing in countries against which the Loonie trades, the next couple weeks will be interesting to determine the direction of the Loonie.

The Canadian Dollar is a component of the US Dollar Index, naturally the Loonie is reflected in that index and that index affects the value of the Loonie.

It looks like there is some divergence on these charts of the USDX and it appears to meet pretty stiff resistance to going much higher, which leads me to believe that the US Dollar is about to fall back which will improve the value of the loonie.

Because there are so many economies involved and because each can change their interest rates without warning, it is very difficult to manipulate the value of the Loonie with interest rates alone.

Three Charts to look at:

We have a weekly chart and a daily chart of the US Dollar index.

Both of these charts show some bearish divergence which is good news for the Loonie.

This next chart shows a pretty strong indication that the Loonie is about to rise

This is a Monthly Chart of the USDCAD currency pair and pretty [plain on there is the bearish pattern.
What makes this pattern more valid than most is that it covers a period of many years, about 15 years.

Long term, the US Dollar will be falling against the Loonie and relief for Canadians.

In the short term, there will be some volatility and we may see the gains of this week wiped out within the next week.

Video

This video contains a number of charts of currency pairs which involve the Canadian Loonie. There are several pairs involved and different time frames.
It appears to me from all of these patterns that the Loonie will soon be appreciating in value.

Here are some articles that contain some interesting views, Many people are becoming experts as to Canada’s finances.

US dollar net longs slip; yen longs rise again -CFTC, Reuters - Reuters
Fri, 22 Jan 2016 21:23:49 GMT
NEW YORK, Jan 22 Speculators reduced bullish bets on the U.S. dollar for a fourth straight week, as net longs fell to their lowest level since late October, according to Reuters calculations and data from the Commodity Futures Trading Commission ...


UPDATE 1-Canada inflation rate rises in December as food costs surge - Reuters
Fri, 22 Jan 2016 13:43:00 GMT
OTTAWA Jan 22 Canadas annual inflation rate rose in December as food prices surged, Statistics Canada data showed on Friday, suggesting the impact from the lower Canadian dollar was being felt. The annual inflation rate ...


The Big Shortfall: Its all about the economy as Parliament returns - Ottawa Citizen
Fri, 22 Jan 2016 19:35:36 GMT
commodity prices, a dipping Canadian dollar, sluggish economic growth and costly campaign promises are proving a mammoth financial headache for the government, and, with Parliament set to resume Monday, could soon be a political one as well ...


Fall in USDCAD just a correction, not a trend change - TradingFloor.com
Fri, 22 Jan 2016 16:18:39 GMT
trade idea highlights the foolishness of picking a bottom in a falling market where there is absolutely no evidence that the downtrend is pausing. It was based on too many assumptions rather than facts. The other major failing is that the author ...


Beat the loonie: Deals for Canadians travelling abroad - National Post
Fri, 22 Jan 2016 13:01:53 GMT
the Canadian dollar hovering below 70 cents, its a tough travel world out there. Trips to traditional sun spots favoured by Canadians are proving outrageously expensive. Luckily, there are tricks you can use to soften the blow and deals to be had ...


Canadian wine prices may be on the rise as low loonie crushes wine makers - bnn.ca
Fri, 22 Jan 2016 12:37:53 GMT
There could be a pleasant finish for local wine makers – the low loonie is making Canadian wine more appetizing to U.S drinkers. “Fifty percent of our products are exported across the world,” said Slingerland. “Our wines over the last three years are ...


Jobs cut, loonies rut & oils glut: BUSINESS WEEK WRAP - CBC.ca
Fri, 22 Jan 2016 23:01:30 GMT
Layoffs were a dominant theme this week as two major Canadian companies announced plans to cut back on jobs. First it was PotashCorp announcing plans to shut a potash mine in New Brunswick, putting 430 people out of work. In a town where the?...

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Canadian Loonie Being Demolished - forex trading academy dubai

Canadian Loonie Being Demolished ~ forex trading academy dubai

A Disaster for Canadians

The victim of ten years of atrocious economic management and deliberate obfuscation by supposed economists and petrostate illusionists, Canada is now in a deep hole.


Buying power of the Canadian loonie has been decimated in recent months, jobs are few and far between, manufacturers are fleeing.

The government is plagued by many consecutive years of deficits, all caused by a form of corporate welfare and a lack of vision.

Canada has been bereft of sound economic planning for the past ten years even as the government was headed by a supposed economist.

Ten years of deficits and smaller revenues on the horizon leave the new government few alternatives.

Selling out resources to off shore corporations puts Canada at the mercy of foreign government policies.

Multiple disadvantageous trade agreements will scar Canada for generations to come.


Here are some comments on this egregious mess


Canadian dollar sinks below 70¢ as oil dips under $30 - The Globe and Mail
Tue, 12 Jan 2016 19:15:26 GMT
The loonie dipped under the 70-cent (U.S.) level, touching as low as 69.9 cents, having rallied earlier to as high as 70.5 cents. It was hovering at just above 70 cents by late afternoon. The currency has been largely hit by oil prices, which dipped ...Canadian dollar dips below 70 cents U.S. for first time since April 2003


Canadian dollar dips below 70 cents US before recovering - CBC.ca
Tue, 12 Jan 2016 21:39:21 GMT
The Canadian dollar has dropped below the 70-cent US level for the first time since May 2003. When stock markets closed on Tuesday, the loonie was changing hands at 70.13 cents US, down by about a fifth of a cent after earlier dipping below the 70-cent?...Canadian dollar dips below 70 cents US for first time since 2003


Cheap Canadian dollar making fruits and vegetables much more expensive - CBC.ca
Tue, 12 Jan 2016 13:43:31 GMT
The sliding loonie could make it harder for some Canadians to eat their Florida oranges or California heads of lettuce this year. The dropping dollar, which is hovering just above the 70-cent U.S. mark, is expected to continue to leave shoppers with ...Heres how much more Canadians will have to pay for fruits and veg because of ...



The Canadian dollar is getting crushed - MarketWatch
 Tue, 12 Jan 2016 20:16:28 GMT
Crude-oil prices resumed their slump Tuesday—and theyre dragging the currencies of oil exporters down with them. And while the currencies of all major exporters have been hurt by oils punishing drop, over the past month, the Canadian dollar has?...



Report: Canadian Dollar Continues to Decline - Todays Slapshot
Tue, 12 Jan 2016 19:20:03 GMT
When the NHL Board of Governors released their initial projections for the 2016-17 salary cap, it appeared that the league would see an uptick in the salary cap ceiling – based on the Canadian Dollar sitting 80 cents on the American Dollar, down a ...



Some win, some lose as Canadian dollar drops - Times Colonist
Tue, 12 Jan 2016 18:39:34 GMT

Some win, some lose as Canadian dollar dropsTimes ColonistVancouver mining company Teck Resources credits the low Canadian dollar for helping the company weather the downturn in commodity prices, with the company able to sell its copper and coal at U.S. prices while pay operating costs in Canadian.

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