11

Feb

USD/CAD: Headed Higher?

Posted by Kathy Lien  Published in 2009 canadian dollar, Forex Technicals, USD/CAD
The US and Canada both released trade numbers this morning. The US reported a smaller trade deficit while Canada reported a larger one US Trade Deficit Shrinks, Canada Reports First Deficit in 32 Yrs. Here are the trade charts courtesy of FX360.com (each piece of economic data has historical charts) The currency to watch [...]
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6

Feb

Predicting Canadian Employment Numbers

Posted by Kathy Lien  Published in 2009 canadian dollar, BKTrader FX, Canadian Dollar
I am kicking myself for not posting this last night, but I’ve been swapped with preparing for the NY Traders Expo and writing my non-farm payrolls preview. Yesterday, I wanted to show you this chart of the correlation between the employment component of IVEY PMI (white line) and Canadian employment (orange line) and argue that Canadian [...]
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28

Jan

What’s Behind the Sell-Off in USD/CAD?

Posted by Kathy Lien  Published in 2009 canadian dollar, Bank of Canada, Canadian Dollar, USD/CAD, forex blog
The biggest mover this morning is the Canadian dollar which has rallied close to 300 pips against the US dollar and is closing in on the 1.20 level. What’s behind the move? 1. Major merger and acquisition flow. Mexican breadmaker Bimbo closed on a $2.38 billion acquisition of U.S. Bread making unit of Canada’s [...]
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