Daily Forex Commentary

23 May 2013 - USDCAD Well Above 1.03

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD topped out at 1.0385 after a Bernanke inspired roller-coaster ride saw the pair trade from 1.0320 to 1.0250 and back up to 1.0380 yesterday. T... read more

21 May 2013 - USD At 1.03

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD is settling in just below 1.0300 after topping out just above there on Friday. Traders are definitely being led by broader market trends but l... read more

16 May 2013 - USD Unable to Break 1.02

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD touched 1.02 overnight but once again was not able to hold onto its gain slipping back to the 1.0170 range. The US Consumer Price Index was re... read more

15 May 2013 - USDCAD At 1.02

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD continued its climb higher overnight to 1.02 as weaker data in the EU and talks of the Fed reducing QE has the USD higher. The improved econom... read more

14 May 2013 - USD Up On Risk Off Trade

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD is up 60 points to currently change hands at 1.0160. The jump in the USD was fuelled by negative data in Europe and comments from one Fed memb... read more

13 May 2013 - US retail sales came in this morning slightly better than expected

By Frederick Cheng
US Dollar vs Canadian Dollar: US retail sales came in this morning slightly better than expected at 0.1%. USD/CAD is flat to kick off this week as the pair trades well within Frida... read more

08 May 2013 - RBNZ confirmed they had intervened in currency markets last month

By Frederick Cheng
US Dollar vs Canadian Dollar: USD/CAD continues to trade within a tight range as U.S. dollar buy orders remain firm all the way down to .9950 while we remain in limbo ahead of Frid... read more

07 May 2013 - The RBA cut rates by 0.25% to 2.75% causing the AUD to drop 100 points vs. the USD

By Frederick Cheng
US Dollar vs Canadian Dollar: USD/CAD traded to 1.0037 overnight on AUD cross selling and has recovered above 1.0050 for the time being. The grind lower continues but buy orders be... read more

06 May 2013 - Holidays in Japan & the UK have led to a quiet overnight session

By Frederick Cheng
US Dollar vs Canadian Dollar: USD/CAD has traded in a very tight 20 point range after failing to break above 1.0120 on Friday, settling in near the 1.0080 level. Canadian building ... read more

03 May 2013 - The “Teflon euro” has pulled itself out of the depths

By Frederick Cheng
US Dollar vs Canadian Dollar: USD/CAD touched 1.0130 overnight and it appears that we may have put in another significant bottom for the pair. The pivotal 1.0050-1.0080 area has he... read more

02 May 2013 - USDCAD Testing 1.0050 Lows

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD is unchanged at 1.0080 as the Fed announcement yesterday provided little guidance for the market. The Fed indicated it would continue QE based... read more

01 May 2013 - USDCAD Awaiting the Fed

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD is slightly below the major support level of 1.0065-1.0085 having traded to 1.0052 and is following general market sentiment. The FED announce... read more

30 April 2013 - China is out on holiday & half the world will be off tomorrow

By Frederick Cheng
US Dollar vs Canadian Dollar: USD/CAD traded within a 20 point range as we await Canadian GDP data at 8:30 AMEST. A print of +1.3% YOY & 0.2% MOM is expected with a number on t... read more

29 April 2013 - Markets are beginning the week with positive sentiment

By Frederick Cheng
US Dollar vs Canadian Dollar: USD/CAD is lower at 1.0145 as softer economic data from the US has the market now expecting the Fed to continue QE. This Wednesday the Fed will releas... read more

26 April 2013 - USDCAD holds at 1.02

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD is unchanged at 1.0205 despite disappointing news released from the US. The US Gross Domestic Product was printed today at 2.5%, well below ec... read more

25 April 2013 - Loonie Stronger on UK Surprise

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD dropped 60 points to 1.0210 overnight as positive data internationally has helped the market buy higher risk currencies. Surprisingly positive... read more

24 April 2013 - USDCAD Unchanged

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD remains stagnant as consolidation continues without any major news event or substantive differences in data expectations being present. The pa... read more

23 April 2013 - USDCAD Unchanged at 1.0260

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD is entering its fourth day of consolidative trading within last Wednesday’s 1.0208 to 1.0295 range. Today the Canadian Retail Sales data... read more

22 April 2013 - USD/CAD Testing 1.0280

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD has been stable over the past few trading sessions holding on to recent gains at 1.0260 and appears to be preparing for an assault on the 2013... read more

19 April 2013 - USD/CAD Unchanged at 1.0250

By Darren Richardson
US Dollar vs Canadian Dollar: USD/CAD slipped to 1.0230 overnight as hints of more stimulus pushed the USD lower. The move was very short lived as the US jumped back to the familia... read more

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