Daily Forex Commentary

19 December 2014 - Canadian CPI Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian data had its opportunity to shine this morning and came out lacklustre at best. Core CPI dropped from 0.3% to -0.2% against an expected mov... read more

18 December 2014 - Fed wiill Be Patient with Rate Hike

By Calvin Kuk
US Dollar vs Canadian Dollar: As expected, the Fed has some-what dropped ‘considerable time’ from its policy statement and has now replaced it with being patient when... read more

17 December 2014 - FOMC Statement + Yellen''s Press Conference

By Calvin Kuk
US Dollar vs Canadian Dollar: Today’s FOMC announcement and press conference should prove interesting. It appears the market has priced in an 80% chance that “conside... read more

16 December 2014 - Soft Canadian Manufacturing Sales

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie continues to see delayed response to the drop in oil as the market perception is that a growing US economy should help Canada offset the ... read more

15 December 2014 - USD/CAD Breaks Fresh High

By Calvin Kuk
US Dollar vs Canadian Dollar: Wednesday’s FOMC meeting is followed by a Press Conference at 14:30 adding to the potential for surprises when everyone is waiting to hear how... read more

12 December 2014 - CAD Falls to Fresh Lows

By Calvin Kuk
US Dollar vs Canadian Dollar: The further oil prices drop, the stronger the correlation between oil and the Loonie becomes, taking our currency to a fresh five and a half year lo... read more

11 December 2014 - USD/CAD Breaks through 1.15 Mark

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie continues to flirt with its recent lows as the current swirl of negative factors continues to take their toll (low oil, lacklustre econom... read more

10 December 2014 - BoC Financial Stability Review at 10:30 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: With no US data and Fed speakers on the sidelines as we enter the quiet time ahead of next week’s FOMC meeting, today’s BOC Financial Sy... read more

09 December 2014 - USD/CAD Touches 1.1500

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD touched 1.1500 early this morning and has since retraced 65 bps to where we currently trade. There is a significant amount of chatter gaining... read more

08 December 2014 - Limited Canadian Data this Week

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie is starting the week in the same range that it ended last week as our disappointing employment report shaved away half a percent. This is... read more

05 December 2014 - US Biggest Payroll Gain in Almost 3 Years

By Calvin Kuk
US Dollar vs Canadian Dollar: The US Employment rate was stellar adding 321K jobs in the month of November when the market anticipated 230K. The Unemployment rate was static at ... read more

04 December 2014 - BOC Offsets Negative with Positive

By Calvin Kuk
US Dollar vs Canadian Dollar: Bank of Canada statement yesterday was high wire walk, as they offset each negative implication to the domestic economic outlook with a positive. In... read more

03 December 2014 - BOC Rate Decision at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is weak, down 0.25%, from yesterday’s close. BOC is the highlight today and will release its December statement and policy decisi... read more

02 December 2014 - CAD will be Focused on Oil

By Calvin Kuk
US Dollar vs Canadian Dollar: We have a quiet data day for North America with no Canadian data and with only Construction Spending and Total Vehicle Sales from the US. FOMC speak... read more

01 December 2014 - CAD Fights Back

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie reached a 3 week low Friday, yet did not break the 1.1467 low from earlier in November, on continued reaction of OPEC choosing to leave p... read more

28 November 2014 - Markets Still Digesting OPEC''s News

By Calvin Kuk
US Dollar vs Canadian Dollar: Markets continued to react to the OPEC decision to hold its production target overnight taking WTI oil below $70 pbl. In turn petrol currencies (CAD... read more

27 November 2014 - OPEC announcement at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: With US Thanksgiving today North American markets will be quite thin once the European session ends, leaving us with the potential for some erratic ... read more

26 November 2014 - OPEC + Position Squarring into US Thanksgiving

By Calvin Kuk
US Dollar vs Canadian Dollar: A significant amount of NA data out early this week as US Thanksgiving will have our markets very thin the rest of the week. Core Durable Goods disa... read more

25 November 2014 - Upside Surprise to US Q3 GDP

By Calvin Kuk
US Dollar vs Canadian Dollar: US Preliminary Q3 GDP surprised to the upside with a reading of 3.9% from 3.5% when the market anticipated a drop to 3.3%. Surprisingly the USD had ... read more

24 November 2014 - Short Week for North America

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American trading week will be crammed into the first few days as US Thanksgiving will have markets closed Thursday and no data released on... read more

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