US data does not bode well for US GDP; Political worries weigh. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on New Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch's authorized authors. Saint Kitts hsd Nevis. OANDA Corporation owns Trade Marks of all its "FX" products. Posted by Jeffrey Halley. Monday, May 15, PM EDT. The Canadian Dollar is held as a reserve currency by a number of central banks.




The Canadian Dollar is often considered a 'Commodity Currency' due to the large deposits of natural resources, especially Oil that is mined and exported from Canada; particularly with their neighbor to ca south. Gold Prices May Rise as Soft US GDP Cools Fed Rate Hike Bets. EUR Could Remain Strong After Draghi Notes Downside Risks Diminishing. Crude Oil at Major Decision Point. US Dollar Bracing for French Election, Trump Tax Plan, GDP Data. Canadian Dollar Likely to Weaken Further as March Low Nears.

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USD/CAD Forecast for the week of January 09 2017, Technical Analysis


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