USDCAD Outlook Based on Recent Trades

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Weekly Outlook on USD/CAD

By: Colin Jessup

The Loonie continued to take back some of its losses against its Yankee counterpart to the south last week. The weekly charts hows the progress crystal clear with a bearish power bar spanning .2957 pips. or almost 3 cents. This is attributed, at least in part, to higher numbers for housing starts, only a slight increase in the trade balance deficit, and of course better oil prices. Look for price to possibly pull back to the 1.0175 resistance level before taking another stab at par. We will find some support at 1.0031, a 50% Fibo level and then 0.9850 once we fall below parity. Should the inflation data or the BOC Business Outlook numbers not be favourable, look for the pair to turn bullish with resistance at the previously mentioned 1.0175 level and the1.0330 level beyond that.

  • Currency Pairs
  • USD/CAD

Colin Jessup

Colin Jessup is certified in both Securities & Technical Analysis from the Canadian Securities Institute, founder of Omegatrader Canada and a Live Trading Coach at TheTradingCanuck.com, a service that calls live trades to captures dozens of pips daily with low drawdown.

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USDCAD Technical Outlook – Canada Inflation in focus

The monthly inflation data from Canada due to be released today will set an important market for the Bank of Canada. Central bank officials are expected to meet next week at the monthly monetary policy meeting.

Although no changes to interest rates are expected given that the Bank of Canada hiked interest rates only in September and for a second time, inflation data could no doubt steer the course of interest rates and forward guidance.

Competing against the euro, the Canadian dollar or the loonie has also been a strong performing currency against the US dollar. This came initially on a weaker US dollar, but the bullish momentum picked up steam after the Bank of Canada began to hike interest rates.

The tightening cycle came with BoC Governor Poloz first spoke of the central bank’s hawkish intentions in July. Since then, the BoC had hiked rates twice, beating expectations. The markets were expecting the BoC to hike rates only two times this year, with the latter expected in December. The BoC’s rate hikes were the first in nearly seven years.

However, with the September rate hike, the markets are now expecting to see the BoC to follow through with one more rate hike by end of December this year. Most interestingly, for the Canadian dollar the gains were not driven by oil price which was the trend previously.

Despite the surprise rate hikes, however, there are signs that the BoC could potentially hold back from further rate hikes this year. This comes as economic data remains mixed.

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Household spending has shown signs of staying flat while the labor market is remaining the sole bright spot. The BoC started to hike rates despite inflation not reaching the central bank’s target rate. The Bank of Canada’s core inflation rate continues to remain below its target. It was registered at 1.5% in August.

Canadian exports, which were the main driver for the Canadian economy was also showing signs of slowing having declined for three months in a row.

USDCAD – Technical Outlook

Despite the risks that inflation could remain muted that could leave the BoC on the sidelines for the next month or two, the technical outlook for USDCAD remains one that is supportive of the Canadian dollar.

Last week we saw USDCAD rallying back to the breached support level of 1.2532. This support level marked the validation of the descending triangle pattern that put the downside move towards 1.1212. However, after a brief decline below the 1.2532 support level, price action was seen quickly rallying back to reclaim or test this level.

USDCAD – Price back at support/resistance

As long as resistance is established here and we see a reversal pattern forming, the downside in USDCAD is likely to persist. The initial downside target could be seen at 1.1956 level, followed by a longer-term decline to the final target of 1.1212.

There are also signs of the hidden bearish divergence against the previously marked higher high which also validates the downside view in prices.

However, given the timeframe of the chart, USDCAD is likely to take at least a few months to complete the descent towards 1.1212. This decline will, however, come at the risk of the uncertain monetary policies, especially that of the Federal Reserve.

Currently, officials remain divided on the future course of action. However, the clouds are likely to lift in the coming months as economic data provides more insights. This is important after the September employment report was distorted by the hurricanes.

As such, while the technical point to further strengthening of the Canadian dollar, a lot will be left to be seen as far as the fundamentals are concerned.

Fixes or workarounds for recent issues in Outlook for PC

Last updated: April, 2020

For issues that are not covered on this page, we have multiple tools to help you automatically diagnose and fix a range of Outlook problems. Check out this article: Resolve Outlook for Windows issues with automated troubleshooting tools

Jump to each section on this page for specific Outlook issue:

Outlook known issues in the March 2020 updates

Outlook known issues in the January 2020 updates

Outlook known issues in the November 2020 updates

Outlook known issues in the October 2020 updates

Outlook known issues in the September 2020 updates

Outlook known issues in the August 2020 updates

Outlook known issues in the July 2020 updates

Outlook known issues in the June 2020 updates

Outlook known issues in the May 2020 updates

Outlook known issues in the March 2020 updates

Outlook known issues in the January 2020 updates

Outlook known issues in the December 2020 updates

Outlook known issues in the November 2020 updates

Outlook known issues in the October 2020 updates

Outlook known issues in the September 2020 updates

Outlook known issues in the June 2020 updates

Outlook known issues in the March 2020 updates

Last Updated: April 19, 2020

When clicking on items in the Conversation History folder, Outlook may hang or display the “Not responding” message.

This issue may also occur when clicking on Skype items and email voice mails.

Last Updated: April 6, 2020

When an on-premise Outlook user opens the Scheduling Assistant to book a meeting, cloud users Free/Busy shows as slashed lines.

This will normally occur if the user added to the meeting has time blocked on their calendar with availability as Working Elsewhere.

Until a fix is available, you can use Outlook Web App (OWA) to schedule the meeting as a workaround or you can ask the user with Working Elsewhere availability to switch it to Free or Busy.

Last Updated: May 10, 2020

Starting with Version 1802 (Build 9029.2167) Outlook introduced an update that treats changes to a meeting’s attachments, subject, and body as updates which must be sent to all attendees. Based on customer feedback, Outlook will remove body changes from triggering updates to all attendees.

Fix and workaround steps for this issue can be found in the following article: Outlook unexpectedly stops prompting and automatically sends Meeting updates to all attendees

Last updated: March 14, 2020

After updating to Version 1803 (Build 9126.2072), you may find that when you open an existing meeting in the calendar and send an update with updated location, the recipient still sees the old location. If you review the item in the Sent Items folder it shows the old location and was not updated.

Note: This issue only affects Semi-Annual Channel (Targeted) and Monthly Channel (Targeted) versions using builds 9126.2072 and higher.

This issue is fixed by a change in the service. Restarting Outlook should fix the issue but you may have to restart Outlook up to three times to pick up the change.

Outlook known issues in the Feb 2020 updates

Last updated: March 9, 2020

When you send emails you may find that the email appears blank. This issue happens most often with add-ins that leverage the Send To Mail Recipient functionality and MAPI integration.

This issue is fixed in Monthly Channel Version 1802 (Build 9029.XXXX) or higher. To get the latest update immediately, open Outlook and choose File > Office Account > Update Options > Update Now.

Information for this issue is also provided in Outlook sends blank emails.

Last updated: February 20, 2020

When you print your calendar you find that it switched from printing in color to black and white. The issue occurs on Outlook 2020 version 8901.xxxx and higher.

This issue occurs because the Outlook team fixed a bug to respect the setting “Print using grey shading”.

To print the calendar in color, disable the “Print using grey shading” setting in Page Setup under Print Options. Full steps can be found in the following article: Outlook 2020 calendar printing switched from color to black and white.

Last updated: February 12, 2020

When you click the Signature button, Outlook hangs and you are not able to add a signature.

This issue occurs if you install and Office subscription on a PC that pre-installed Microsoft Office desktop apps.

To workaround this issue uninstall the pre-installed Microsoft Office Desktop Apps. Workaround steps for this issue can be found in the following article: Outlook freezes clicking the Signature button

Outlook known issues in the Jan 2020 updates

Last updated: May 1, 2020

You may be unable to search or cannot see MailTips or Free/Busy.

This issue occurs in Build 8420.xxxx and higher.

STATUS: FIXED (for Monthly Channel) / WORKAROUND (for Semi Annual Channel)

Fix and workaround steps for this issue can be found in the following article: Search, MailTips, and Free/Busy do not work for some Office 365 users

Last updated: January 31, 2020

When you view multiple calendars at the same time and stack them on top of one another in an overlay view, you can’t view appointments from the other accounts.

This issue started in Version 1712 (Build 8827.2148).

The issue is fixed in Monthly Channel Version 1712 (Build 8827.2179). To get the latest update immediately, open Outlook and choose File > Office Account > Update Options > Update Now.

Last updated: January 24, 2020

When you add new users to an existing meeting and choose Send updates only to added or deleted attendees the meeting location is not preserved.

For Outlook 2020 (Click To Run), the issue is now fixed in service in builds 8502.1000 and higher. To get the latest update immediately, open Outlook and choose File > Office Account > Update Options > Update Now.

For Outlook 2020, the issue is planned to be fixed in the February Public Update for versions 15.0.5007.1000 and higher.

Last updated: January 17, 2020

If you have two different Exchange accounts (including Outlook.com) in your Outlook 2020 profile, and you mark emails for follow up on both mailboxes, the subjects and details of the emails are not visible in the To-Do Bar or the Tasks View.

The issue is fixed in Monthly Channel Version 1712 (Build 8827.2179). To get the latest update immediately, open Outlook and choose File > Office Account > Update Options > Update Now.

Information for this issue is also provided in To-Do Bar and Task List view not displaying events.

Last updated: January 24, 2020

After installing the January Update for MSI versions of Outlook, attachments are removed when forwarding emails in plain text.

To fix this issue, please download update 4011123 from the download center.

Last updated: January 31, 2020

After updating Outlook or Office to version 16.0.8827.2062, searching using the All Mailboxes option shows no results.

The issue is fixed in Monthly Channel Version 1712 (Build 8827.2179). To get the latest update immediately, open Outlook and choose File > Office Account > Update Options > Update Now.

Information for this issue is also provided in No Search results found when using All Mailboxes.

Last updated: January 31, 2020

After updating Outlook or Office to version 16.0.8827.2062, searching using Find Related option shows no results.

The issue is fixed in Monthly Channel Version 1712 (Build 8827.2179). To get the latest update immediately, open Outlook and choose File > Office Account > Update Options > Update Now.

Information for this issue is also provided in Find Related option does not show results

Last updated: February 27, 2020

After updating Outlook 2020 on Windows XP to the January Update, Outlook fails to start with the error: “Outlook.exe-Entry Point not found. The procedure entry point CompareStringOrdinal could not be located in the dynamic link library KERNEL32.dll”.

Microsoft has released KB 4018314 to fix the issue. The fix will also be released by a scheduled monthly update planned for March 6th.

Outlook known issues in the Nov 2020 updates

Last updated: December 4, 2020

After updating Outlook 2020 to Build 8625.2121 or higher, local contact groups do not auto-resolve with Autocomplete.

Our engineering team is aware of this issue and working on a fix that should be available soon. For the most recent information on this issue, go to Contact Groups are not searchable with Autocomplete.

Last updated: November 3, 2020

After updating to the Monthly Channel Version 1710 (8625.2121) build or higher, the View Settings button is missing.

For the most recent information on this issue, go to Missing View Settings button in Outlook 2020.

Outlook known issues in the Oct 2020 updates

Last updated: Oct 25, 2020

After installing the October Public Update, folder home pages no longer appear and the Home Page feature is missing in Outlook folder properties. This feature was disabled by default to limit security vulnerabilities.

Last Updated: October 26, 2020

After Modern Authentication is disabled, users may intermittently get prompted for their credentials in Outlook 2020 and have to repeatedly enter their username and password.

Note: Fiddler traces reveal 401/403 authentication failures to this endpoint: “https://outlook.office.com/api/v2.0/Me/InferenceClassification”

This scenario can occur if Focused Inbox and Modern Authentication for the tenant is turned on and then Modern Authentication is turned off. When this happens, Focused Inbox has already started working and keeps trying to connect resulting in these credential prompts.

Last Updated: October 16, 2020

After installing the October Public Update for Outlook 2020 or Outlook 2020, you may get this error in the folder pane display when you click on folders in the Business Contact Manager pane: We didn’t find anything to show here. Additionally, an error dialog appears with this error: Business Contact Manager for Outlook could not complete your last action or actions. Please try again.

Outlook known issues in the Sep 2020 updates

Last updated: Sep 19, 2020

After installing the September Public Update, Outlook 2007 displays mixed languages in the user interface.

Customers using the language in the first column may see parts of the page in the language listed in the second column:

Chinese Traditional Taiwan

Chinese Traditional Taiwan

This issue is fixed now.

Please follow the instructions in KB 4011086 to uninstall it, and then install KB 4011110.

Last updated: Oct 13, 2020

Custom form script is now disabled by default and requires setting registry keys to re-enable it.

The new registry key has a default value of 1, which indicates form script should not run.

First create this key:

32 bit Office on 64 bit Windows

32 bit Office on 32 bit Windows or 64 bit Office on 64 bit Windows

Then create DWORD (32-bit) Value 0 and set the name to DisableCustomFormItemScript to enable custom form scripts.

Once custom form scripts have been enabled at all, they must then be enabled per form message class. For instance, if you have a form with the message class IPM.Note.Custom, we must register “ IPM.Note.Custom” as a trusted form message class. To do this, first create this key:

32 bit Office on 64 bit Windows

32 bit Office on 32 bit Windows or 64 bit Office on 64 bit Windows

Then, create REG_SZ values in this key for each form you wish to allow scripts to run. In the above example, you would create a REG_SZ value named “ IPM.Note.Custom” with empty data.

When designing a form, Run This Form will run a form using the message class of the base form. So if you started designing an IPM.Note form and want to Run This Form, you will need to have IPM.Note registered. After you publish, the published message class is what will be checked. Once you have finished designing your form and published it to a custom form name, remove the standard “IPM.Note” from the trusted list.

You need to restart Outlook after setting the TrustedFormScriptList key.

The example registry keys use 16.0 for Outlook 2020. Use 15.0 for Outlook 2020, 14.0 for Outlook 2020 and 12.0 for Outlook 2007.

After making the above changes the registry keys will look like the following:

NOTE: In some cases forms in secondary mailboxes and Public folders still don’t work after the registry key settings. To fix this, enable scripts in the Trust Center:

Click File > Options. Then select Trust Center > Trust Center Settings > Email Security.

Under the Script in Folders section, click the checkbox for Allow script in shared folders and Allow script in Public folders and click OK and OK again to close out the windows.

The change was first introduced in the September 12th, 2020 Outlook Public Updates and is included in the following MSI updates which now require the registry keys.

Click to Run status is as follows:

Monthly Channel (Current Channel) will start supporting the registry keys in the update scheduled for September 18th release build 16.0.8431.2079.

Semi-Annual Channel (FRDC) supports the registry keys with build 16.0.8431.2079.

Deferred Channel supports the registry keys with build 16.0.8201.2193.

Deferred Extended status is TBD.

Insider Fast status is TBD.

Insider Slow supports the registry keys with build 16.0.8431.2079.

Last Updated: October 13, 2020

This occurs because custom form script is now disabled by default.

Please follow the steps provided in Issue #2: Custom form script is now disabled by default which is just above this issue.

Important Announcement about Outlook.com

ACTION REQUIRED: Reconnect Outlook 2020 or Outlook 2020 to Outlook.com for uninterrupted email access

Earlier this year we introduced the new Outlook.com, which helps you focus on what matters, collaborate effortlessly, and get more done. As part of the upgrade, we are also moving accounts to a more secure and reliable infrastructure. The upgrade impacts all Outlook, Hotmail, Live, or MSN email accounts.

Once your Outlook.com account has been upgraded, you’ll need to reconnect Outlook 2020 or Outlook 2020 to your Outlook.com account to ensure the best experience and fix issues. To check if your account has been upgraded, login to your account through a web browser and compare your mailbox with the images below.

If you do not reconnect your upgraded email account, you will soon no longer be able to send or receive Outlook.com emails via your desktop version of Outlook 2020 and 2020 until you reconnect. Additionally, by not reconnecting, you may experience email and calendar sync issues that will be resolved once you reconnect. You will still be able to send and receive emails via the web on www.Outlook.com.

For detailed instructions and help on how to reconnect your account, please visit this article.

Note: This change only affects any Outlook.com accounts you are accessing via Outlook 2020 or Outlook 2020. You do not need to reconnect to your other email accounts, such as Office 365, Exchange, or other third party email accounts. You can also continue to send, receive, and access email from your Outlook.com account on the web via any popular web browser.

Outlook issues after connecting Outlook to Outlook.com

After connecting to Outlook for Windows (Outlook 2020, 2020, 2020 versions) to your Outlook.com email account, your may experience the following:

Your email account name shows up as outlook_[long series of letters and numbers]@outlook.com in the Folder Pane and when composing emails using Outlook for Windows.

Recipients will also receive the email from the sender with the outlook_[long series of letters and numbers]@outlook.com format.

When recipients reply to the email, the email bounces and you may receive the message “Undeliverable message when you send Internet mail in Outlook.”

This issue only impacts customers using Outlook for Windows. Emails sent via Outlook.com on the web works correctly and emails will be sent with the correct email address.

The Outlook client does not currently support using a non Microsoft domain primary alias. For the time being to get the account to work in Outlook you need to change the primary alias to a Microsoft domain account, such as @outlook.com or @hotmail.com.. The Outlook Team is doing work that will enable some supported use of aliases in the near future. We will update this topic as soon as the functionality is available.

This issue occurs for users with multiple account aliases. We are actively working on a fix. In the meantime, to fix this issue, please do the following:

Note: If you do not have another alias, click the link on the page to create one “Click Add email and a new alias”. Then choose the option “Create a new email address and add it as an alias”

Go to https://account.live.com/names/Manage and sign in to your Outlook.com account.

Set your Outlook.com email as the primary alias.

In Outlook for Windows, remove and re-add the account. See the steps in this article: Add your Outlook.com account in Outlook for Windows

Last updated: February 8, 2020

If Outlook is connected to a primary Outlook.com account that is also connected to other secondary non-Microsoft accounts (such as Gmail, Yahoo, etc.), when sending an email in Outlook, you are not able to choose the other secondary connected account as the “From” sending account.

If you manually type in the secondary connected account email address in the “From” field, the email is sent as “On behalf of” your primary Outlook.com account.

Outlook supports sending from a secondary connected account for Microsoft owned domains such as @outlook.com, @live.com, @hotmail.com but has not implemented this functionality for third-party domains.

The Outlook team is listening to your feedback and investigating adding this functionality to future updates. Please vote up the request and add any feedback on UserVoice: Option to make Microsoft Outlook 2020 work with Outlook.com connected. In the meantime, please use the following workaround:

You can also add the secondary connected accounts (Gmail, Yahoo, etc.) in Outlook.com as additional accounts in the Outlook profile.

In Outlook, choose the File tab.

Under Account Information, choose Add Account.

On the Auto Account Setup page, enter your name, email address, and password, and then choose Next.

Note: If you receive an error message after choosing Next, double check your email address and password. If both are correct, see the next section.

For more information, please see Outlook email setup.

Last updated: January 24, 2020

When connecting in Outlook as an Exchange account, you are unable to configure your personal custom domain email account.

Add a CNAME record to your DNS settings at your domain registrar. A CNAME record is needed for Outlook to configure the account using Autodiscover. The only record you need to add is for Host Autodiscover.

Verify your MX record is still configured for Hotmail. An MX record ensures you can receive email from other people.

When you originally setup your Domain settings for Outlook.com an MX record was added to your DNS settings. This record has some unique numbers and/or letters followed by *.pamx1.hotmail.com and it needs to be preserved. You can confirm the MX record is still configured properly by looking up your domain at https://mxtoolbox.com. This record should be listed before any other MX records for this domain. For example, this is what it should look like on https://mxtoolbox.com:

Last updated: May 2, 2020

Currently, you can’t use Outlook on Windows to edit calendars that are shared with your Outlook.com account, even if you’ve reconnected your Outlook.com account to Outlook. We’re working to make it possible to edit shared calendars in Outlook 2020 for Windows.

To edit a shared calendar, go online to your own Outlook.com calendar, open Calendar for Windows 10, or use a mobile device. Read how to Add your Outlook.com account to another mail app.

Last updated: May 2, 2020

When you try to accept a shared Outlook.com calendar using your Office 365 for business account in Outlook 2020, you might receive the “Something went wrong” error or your sign-in might fail.

To access the calendar shared with your Office 365 for business account, you’ll need to accept the invitation from Outlook on the web, iOS, or Android. If you’ve already clicked the Accept button in Outlook 2020, you won’t be able to re-accept the invitation from another Outlook application. The person who sent you the invitation will need to remove your permissions and then send a new invitation.

Outlook known issues in the June 2020 security updates

Last updated: July 11, 2020

The issues documented in this section have been reported after installing the recent updates listed below. We’re investigating the issues and will update this page when a fix is available. In the meantime, please use the workarounds suggested for each issue.

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